Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel

VERY GOOD & STABLE CASH FLOW FULL SERVICE HOTEL

Views: 831

Listing Serial No.

FH1683466262

Price

$4,750,000

Description

DESCRIPTION:

–  Very well kept full Service hotel operated by original owner  since  built with 79 suites,  80 seat restaurants, 117 seat sports bar, 435person conference/banquet facilities (ballroom,

four meeting rooms), Off- sale store for liquor, wine & beer, 13 VLT’s in Sports bar   2 ATM’s Fitness Center and Small Business Centre.

SITE AREA:                                      2.54 Acres

ZONING:                                           C4-Highway Commercial District;

 

REVENUE          2022              2021                   2020               2019               4 Years average

Room                $1,680,652    $2,202,252      $1,203,502      $1,375,767       $1,615,543.25

F &Beverage     $1,625,199    $1,705,007      $1,533,623      $1,829,436        $1,673,316

Others                $184,450       $303,963         $193,747         $152,898            $208,765

Total           $3,490,301    $4,211,222      $2,930,872      $3,358,101      $3,497,624

Gross Profit

$1,407,137    $2,154,743      $1,108,722      $1,261,779       $1,483,095

NOI            $506,939       $1,294,351         $391,170            $456,589            $662,262

POPULATION

: 37,756 according to 2021 statistics.

XXXXXXXX is a hub of health care, education, retail and infrastructure servicing upwards of 195,000 people in XXXXXXX.

ECONOMY BACKGROUND:

  • The economic base for the city is a mixture of government, forestry, tourism, agriculture, and mining. The largest employer in the city is government employing about 11% of the workforce. XXXXXXXX is a provincial administration centre for the north.
  • XXXXXXXXX now serves as a distribution point for northern Saskatchewan and the area’s gold- and uranium-mining concerns. Its industries include oil extraction, woodworking, pulp and paper milling, and food packaging.

 

 

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 .