Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel
Views: 32

Listing Serial No.

FH1778630192

Price

$4,950,000

Description

 DESCRIPTION:               – Consists of two two-story buildings 62 rooms limit service hotel connected at the roofline and includes a leased restaurant (50 seat ) & Lounge (40 Seat) accessible from the lobby. The Hotel opened in 1999 and was converted to a Super 8 by Wyndham in 2011.

The Hotel is currently managed by big management company.  A new owner will have the option to either enter into a new agreement with the manger, self-operate or retain an alternate third-party manager based on existing relationships.

SITE AREA:                                      1.57 Acres,  BUILDING SIZE                                29,450Sqft

ZONING:                                             C-3 Commercial Highway

 

REVENUE:                                    2024                       2025                      2026 (Jan   to March)

Room :       $919,567       $1,559,862,                          $295,198

Rental :       $125,932         $110,584                             $22,500

Other  :              $825            $ 9,501                                $1,250

SUM        $1,046,324      $1,679,947                           $318,948

NOI                            2024: $73,085, 2025: $485,145

NOI will be much higher by owner operation because the Hotel is currently managed by  big management company.

ECONOMY and LOCATION

It has a visible and easily accessible location off of Highway xx and is near numerous business demand generators in xxxx. The Town of xxxxxxx is situated in northwest Alberta, 260 kilometers northwest from Edmonton and 200 kilometers southeast from Grand Prairie along Highway xx. The development of xxxxxx began as oil and gas reserves were discovered in the surrounding area, particularly the xxxxxx North and xxxxxxx South natural gas fields. The primary demand drivers for the Town are business activities related to the oil, gas, and forestry industries.

 

 

 

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 .