DESCRIPTION: – Two storey 78 guest room with swimming pool, 2 Hot Tub and water slide limit Service hotel and 3-bedroom manager suite
– 10 Suite with Kitchenette, 6 Kitchenette and regular single and double two bedrooms.
-Current owner has spent about $500,000 since May 2023 spend about $300,000 for further renovation such as swimming pool and floor area etc.
– Renovation details: New Guest Room furniture ( 35 Rooms ), 40 Inch LCD TV in all guest Rooms, New Ice Machine ,New Breakfast Room Added, Some Guest room
&Washroom Renovated, 16 Kitchenette Room Added (10 Suites, 6 Regular Rooms).
SITE AREA: 61, 420 Sqft
ZONING: C-D (Downtown – Commercial
YEAR BUILT: 1986 , added 1990 & 1999 (Current owner since May 2023)
REVENUE: 2023 : $860,917, 2024 : $1,685,603
NOI 2024: $798,494
LOCATION
Xxxxxxxxx is situated along the Oldman River and is approximately 215 kilometers southeast of Calgary. With a population of around 106,550 people, Xxxxxxxx is a vibrant community that serves as the commercial, educational, financial, industrial, and transportation center of southern Alberta. The city’s economy has roots in coal mining and agriculture, but today, it boasts a diverse economy with significant employment in the health, education, retail, and hospitality sectors.