Canada Commercial Realty

Hotel

FRANCHISE HOTELBIG CITY IN ALBERTA

Views: 169

Listing Serial No.

FH1738178474

Price

$5,990,000

Description

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.

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 .