Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

LISTINGS

ALL
HOTELS
GAS STATIONS
OTHER COMMERCIAL PROPERTY
All
Hotels
Gas Stations
Others
Hotel

FRANCHISE HOTEL IN CENTRAL AB

Views: 276

Listing Serial No.

FH1708379639

Price

$3,590,000

Description

DESCRIPTION:

These 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.

xxxxxxxxx’s economy is based on agriculture and tourism with the oil and gas industry. Located on the CN mainline linking Calgary and Saskatoon, it is a service centre 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 xxxxxxxxxx Valley, the Tyrell Museum of xxxxxxxxxxxxx which is the largest museum xxxxxxxxxx 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

 

SITE AREA:                                      1.09Acres

ZONING:                                            HWY‐C – Highway Commercial District

BREAKDWON OF ROOM

Single rooms: one queen bed and pull out sofa         9

Double rooms :  two queen beds                             32

Triple rooms     :    doubles                                        2

Kitchenette  : one queen bed and a pull out sofa       2

Kitchenette    : Two queen beds                                4

 

 

REVENUE:                                        2023:$1,061,049, 2022 :$775,319

 

NET OPERATING INCOME:          2023 :$376,722,

 

 

 

 

 

 

 

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 .