Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

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85 Rooms bachelor suite rental property plus 124 room full Franchise full Service hotel

Views: 155

Listing Serial No.

FH1686676202

Price

$21,500,000

Description

–  Residence Tower

1) 85 Rooms of  bachelor suite  and  average rental income for 1 unit: $1,228/m , $89,660/m.
2)Total revenue will be $1,252,560 including utility, and internet .
conversion project.
3) Management company charges 4% of the basic rent only.

Franchise full  service hotel

1) 124 room, 8 meeting room and leased out restaurant and big commercial kitchen
with $8,000/m.
2) Revenue 2019 $2,400,000 (Room: $1,960,000, NOI : $1,000,000),
2020 : $1,000,000(Room: $670,000), 2021: $1,400,000 (Room:$1,000,000), 1,080,000
2022 : $2,944,266 (Room : $2,028,435 Other :$267,603, F &B :$316,187 Banquet and event : $331,941)
3) Land size: 4.56 Acres

7) Breakdown of the room
● 43 Studios – exterior facing (typical hotel room) currently two queen beds or one king
● 37 Studios – interior facing with balconies overlooking tropical garden (typical hotel
room) – currently two queen beds or one king bed

ZONE : C1

-Owner is willing to provide 60% VTB
LOCATION

-Retail development is located in the immediate vicinity along 49 and 50AV.
– Alberta Health and Alberta Infrastructure – on the redevelopment of  xxxxxxxxx
Hospital Centre and the total cost is estimated at $1.8 billion – the largest hospital
redevelopment project in Alberta’s history.

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 .