Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel

GREAT CASH FLOW WELL KNOWN BRAND FLAG LIMIT SERVICE HOTEL

Views: 1501

Listing Serial No.

FH1658353842

Price

$12,500,000

Description

INVESTMENT SUMMARY

 

DESCRIPTION:           -The subject property consists of a four-storey limited-service hotel that

                                       was constructed in 2006. It contains 81 guest rooms, a pool with

                                      waterslide, a fitness room, a breakfast room, a meeting room, and other

                                       related hotel amenities.

–          The foundation of the building consists of poured concrete grade beams supported by concrete piles and footings. Main flooring consists of a concrete slab on compacted granular fill.

–          The superstructure consists of wood framing.

–           Roofing for the main part of the hotel consists of metal roof decking and a rolled asphalt roofing membrane.

–          There are approximately 94 paved parking stalls provided at the front (east) of the site. Paved parking for  an additional 50 vehicles is provided to the west. This western lot can also accommodate truck parking.

 

BREAKDOWNOF THE ROOM

 

  –  43 Standard Double Queen Rooms.  –  8 Standard Single King Rooms.

  –  2 Accessible Single King Rooms.   – 11 Extended Stay Suites (one king or two queen beds).

  –  8 Mini-Suites (one king bed).   – 3 Executive Suites (one king bed and jacuzzi).

  – 3 Boardroom Suites (one king bed and boardroom table).

  – 2 Family Suite (two queen beds or one queen bed and two twin beds).

  – 1 Jacuzzi Suite (one king bed and jacuzzi).

 

 

SITE AREA:                                      2.5 Acres

 

 

                                                           

ZONING:                                           HC (Highway Commercial District).

 

AGE:                                                   2006         

 

REVENUE (Year end March  31)  2019 : $3,427,654,

                                                        2020 : $3,047,709,

                                                        2021 : $2,705,752,

                                                        2022  : $3,835,904

 

 

REVENUE COMPARISON     2022(Jan to June)    2021(Jan to  June)   Diff

                                                      $1,958,230            $1,013,978           + $944,252

 

NOI                                    2021 : $1,347,956 , 2022 : $2,082,671           

 

                    

 

 

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 .