Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

LISTINGS

Hotel

MONEY MAKING GREAT CASH FLOW LIMIT SERVICE HOTEL

Views: 185

Listing Serial No.

FH1717705613

Price

$9,970,000

Description

DESCRIPTION:

–  The subject is improved with a four-storey hotel offering 45,512 ft² (11,378 ft² per floor) and a 24 x 26 ft. porte cochere.

– This hotel offers 97 rooms of which 70 are kitchenette units (±392  ft²).

– It used to be Best Western Hotel when  it  was built in 2008.                                             .

SITE AREA:                                      4.08 Acres, more or less

BUILDING SIZE                               45,512 Sqft

ZONING:                                           D-C; Direct Control District

YEAR  BUILT :                                 2008

REVENUE(Yearend January 31 )     2018:$4,485,327, 2019 : $4,412,846,  2023 :  $2,568,099, 2024  : $2,370,052

2025 Projection Over $4,000,000

2023                           2024

Note Revenue  till  May 31              $697,599          $1,378,686 (1.98 times higher than 2023)

 

 

NET OPERATING INCOME       2018 :$2,678,417,2019 :$2,766,998,  2023:$1,221,008,   2024 :$1,252,929   , 2025 (January 31 ,2025) : over$2,000,000

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 .