Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

LISTINGS

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Hotel

138 room with leased Restaurant, Lounge and Liquor store

Views: 1142

Listing Serial No.

FH1669264717

Price

$13,950,000

Description

DESCRIPTION:

–  The subject property currently consists of a full   service 138 room.

   (Main building: 67, Lodge: 35 with Kitchenette, West Wing :36).

– The total number of Kitchenettes are 60 rooms(1 in  Inn,  23  in Lodge 36 in Eagle 3) , and 18 kitchenettes are all the time occupied by the emergency medical & Safety crew.

– There are a lot of demands of the   kitchenette in this town.

– With many rooms and a lot of kitchenettes hotel, so it has many advantages when dealing with a large oil industry company.

– Leased restaurant, Lounge (4 VLT) and Liquor store.

– Coin Laundry (Washer 7, Dryer: 8) income is about $50,000/Year

 

LEASE DETAILS:

– Restaurant & Lounge: $300,000 including utility and will be renewed in 2023 for another 5 years.

– The rent fee will go up when the number of VLTs increases and one more VLT is expected in 2023.

– Liquor store: $60,000 including utility and the term is till 2024.

– All of FF& Equipment are owned by the landlord.

 

SITE AREA:        4.23 Acres

 

ZONING:            Highway Commercial District

 

REVENUE (Fiscal year November 30 )

2022: $4,183,725 (Room: $3,8454,378, Rental: $296,732, Others:  $296,732)

Note : This is for 11 months from December 1 , 2021 to October 30, 2022.

 

NOI                      $13,950,000                                   2022 :$1,675,395

 

CONFIDENTIALITY AGREEMENT

    RE :

    I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

    I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

    I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
    Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

    I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

    Accepted and agreed this .