Huge amount of the reduction of the price from $5.5m. This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , very stable restaurant, a lounge with 9VLT. a meeting room, and other related hotel amenities. The Main Building contains a one-storey component (common areas) and a two- storey component (hotel room component). The Annex Building is a one-storey structure. The Main Building was completed in 1979 and the Annex Building was completed in 1993. Similar to many Central Alberta communities, the economy of this town is based primarily on the forestry and oil and gas industries. Forestry is supported primarily by three companies. Tourism also plays a minor role in the local economy. This hotel has been operated by GM so owner operation will be much better . Do not miss this great opportunities ! Revenue detail( 2022 :$1,452,753, 2023:1,533,627), NOI (2022:$236,991, 2023:$289,817) (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Total Area
12,500 ft2
Listing Contract Date
2024-02-29
Municipal ID
0028737971
Plan
1584NY
Property Type
Business
Transaction Type
For sale
Zoning Description
C-3 , HIGHWAY COMMERCIAL HDISTRICT
Business
Business Type
Accommodation
Business Subtype
Hotel/motel
Building
Constructed Date
1984
Size (Exterior)
12500 square feet
Total Finished Area
12500 sqft
Land
Total Size
2.84 acres
Acreage
Yes
Size of Irregular Land
2.84
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