Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel

FULL SERVICE HOTEL IN NORTHERN AB

Views: 4393

Listing Serial No.

FH1454045552

Price

$1,790,000

Description

1. 62 room, 110 seat restaurant, 100 seat Lounge, 9 VLT ,2.3 Acres land,  large executive suite with board room for small group meeting and  2 Adjourning bed room, Musidora Suites  complete with double Jacuzzi tubs.

2.Year built : Main 1979,1984, 1987, new section : 1997

3. Location

It is located approximately 177 km northwest of Edmonton and 279 km

southeast of Grande Prairie at the junction of Hwy#43 and Hwy# 32.

4. Economy

1) FORESTRY INDUSTRY

A wide variety of forest industry service providers, including contractors for reforestation, harvesting, and hauling services, are also available locally.

Millar Western Forest Products, which is located within municipal boundaries, produces pulp and dimensional lumber (369 employees plus contractors).

Blue Ridge Lumber, which produces multi-density fibre (MDF) board and dimensional lumber products (352 employees plus contractors).

Alberta Newsprint, the province’s only newsprint producer (226 employees plus contractors).

2) OIL AND GAS INDUSTRY

Xxxxxxxxx is the regional hub for the oilfield industry and serves the area west of Edmonton to south of Grande Prairie.

Xxxxxxxxxx is home to many service companies specializing in the provision of services tot eh energy sector, such as:

Halliburton Energy,HSE,Infratech, Schlumberger Well Services, Strad Energy,Strike Energy Services, Trican Well Services,Trilogy, URS Flint Production Services, Weatherford Services

5.REVENUE:                                2017:$2,222,388, 2018:  $2, 009,381, 2019: $1,633,222

6. NOI :                                           2017 :  $563,577      2018 : $371,813, 2019 : $210,000

 

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 .