Canada Commercial Realty

Hotel

STRONG CASH FLOW MOTEL NEAR EDMONTON

Views: 142

Listing Serial No.

FH1728690042

Price

$2,990,000

Description

DESCRIPTION:     – Extensively well  renovated ,maintained  and rewarded  3 star  rating  36 rooms ( 33 kitchenette, executive suite featuring a king size bed, fireplace  jaccuzi tub), 1 bed room  manger suite  and fitness room   with concrete building.

SITE AREA:                                            1.96 Acres Land.

AGE:                                                   1979 ( 26 rooms), 2001 (10 rooms),   Current owner started 2014.

REVENUE(Yearend : September 30):   2022 :$971,235,  2023 :$900,460, 2024: $885,782

NOI                                                        2023  : $480,877, 2024 : $456,838

 

AREA DESCRIPTION It is located 145 km (90 mi) north of Edmonton at the intersection of Highway x and Highway xx.The population of the  region is 12,463 and  the town of xxxxxxxx is 2,965.

 

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 .