Canada Commercial Realty

Hotel

STRONG CASH FLOW HOTEL

Views: 150

Listing Serial No.

FH1728749208

Price

$9,500,000

Description

DESCRIPTION:

–  Three story limit service 89 room wood frame hotel  that  used to be XXX Hotel and converted as  Independent hotel  from 2012 .                                                      .

– SITE AREA:                                      2.42 Acres

BUILDING SIZE                               42,500 Sqft

ZONING:                                           C 1 Central Commercial District

REVENUE(Yearend  December  31 ) 2022 : $1,975,869,  2023 :  $2,856,403

2024 till September: $2,040,349

 

NET OPERATING INCOME           2022: $931,975, 2023: $1,641,247

 

AREA DESCRIPTION

  • The Town of xxxxxxxx is located some 250 KM Northeast of the City of Edmonton, and the town has a population of approximately 6,700 and trading area of some 28,000.   XXXXXXXXX has the third largest population base of any Alberta municipality north of Edmonton. Its economy has been driven throughout the past three decades by the Oil& Gas and Forest industries. In a continuing effort to diversify the economy, XXXXXXXX is encouraging increases in the tourism, manufacturing, and value-added sectors. In addition, XXXXXXXXX is further evolving into an even greater regional service centre, with additional retail, education, health, financial, government, and transportation services. Enterprising men and women recognize the almost unlimited potential for growth and spin-off business in the primary  industries of petroleum and forestry, along with burgeoning activity in tourism.

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 .