Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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POPULAR FRANCHISE HOTEL IN NORTHERN AB

Views: 959

Listing Serial No.

FH1676770923

Price

$6,500,000

Description

INVEST SUMMARY

DESCRIPTION:            90 Rooms

SITE AREA:                     2.175 Acres, 11,342 Sqft of  4 story building.      

AGE:                                   2009, July 25

BREAKDOWN OF ROOM              

      1 King bed room: 26,

      1 Queen bed room: 34,

      2 Queen bed room: 30,

      (Suite: 2 Kitchenette 40  Handicap Room: 3,Pet Room: 2)

REVENUE(Year End Sep 30):          

      2022 : $1,389,599

      2021 : $1,016,555, 

      2020 : $881,779

      2019 :  $1,494,084

      2018 : $1,949,706

      2017:$1,905,594

 

ECONOMIC COMPOSITION

It is located at the intersection of Highway 43 and Highway 40, approximately 456 km northwest of Edmonton. . Major industries include oil and gas, agriculture, forestry, and food services.Although some oil and gas drilling has been ongoing in the area since the 1950s. Forestry is a major part of XXXXXXX’s economy, for large tracts of forest lie to the south in the foothills of the Canadian Rockies. International Paper (formerly Weyerhaeuser Canada) kraft  pulp mill, opened in 1972 by Procter & Gamble, is one of XXXXXXXXX’s largest employers. XXXXXXXX serves as the economic and transportation hub for a trading area of nearly 250,000 people. XXXXXXXX is also on the CANAMEX trade route linking Canada, the United States, and Mexico.

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 .