This 2 stories 49 rooms limited services franchise hotel occupies a location with access and exposure to Highway #9. The subject benefits from the synergies created along this highway commercial node. Drumheller’s economy is based on agriculture and tourism with the oil and gas industry. Located on the CN main line linking Calgary and Saskatoon, it is a service center for the surrounding agricultural area engaged in grain production, specialty crop that, hay production, and ranching.There are several tourist attraction places such as the Drumheller Valley, the Tyrell Museum of Palaeontology which is the largest museum archaeological display in the world, has always held a degree of appeal for tourists. It is estimated that the number of visitors to the area has tripled to approximately 500,000 per annum.Revenue : 2023:$1,061,049, 2022 :$775,319 , NOI : 2023: $376,772 (id:47421)
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Detailed Information
Total Area
15,637.38 ft2
Listing Contract Date
2024-02-22
Maintenance Fee Payment Frequency
Monthly
Municipal ID
0016904352
Ownership Type
Condominium/Strata
Plan
7911235
Property Type
Business
Transaction Type
For sale
Zoning Description
Highway Commercial
Business
Business Type
Accommodation
Business Subtype
Hotel/motel
Building
Constructed Date
1979
Size (Exterior)
15637.38 square feet
Total Finished Area
15637.38 sqft
Land
Total Size
1.09 acres
Acreage
Yes
Size of Irregular Land
1.09
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