Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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GREAT HOTEL WITH LEASED STEAK HOUSE RESTAURANT

Views: 781

Listing Serial No.

FH1706053626

Price

$3,290,000

Description

Price reduced from  $3,790,000 to $3,290,000

DESCRIPTION:         Mixed 99 rooms , Hot tub , Exercise room and  free standing   leased  Stake House  restaurant.

(2 Executives, 14 Kitchenette, 6 Kitchenette suites, 26 Single, 50 Double ),

RESTAURANT LEASE DETAILS -Term :From September 1  ,2021  to  August  31, 2026,

Rent fee : $4,800 + Utilities ,Tax

RENVATION DETAILS    New  PTACs & Washer,  etc

SITE AREA:                                      3.69 Acres

ZONING:                                           Highway commercial

YEAR BUILT:  A Building  47  rooms : 1997,  B Building  25 rooms :1983 , C  Building  20 rooms :1963  , D  Building  6 Suits with Kitchen  : 2001,

Restaurant : 1982

REVENUE (December 31 )  2023 : $1,271,028, 2022 : $1,026,884 ,

NOI                            2023  : $451,538

LOCATION OVERVIEW

XXXXXXX’s economy is primarily resource driven with oil and gas being the predominant industry. Multiple oil and gas companies operate in the area with several pipelines in the vicinity. Another notable employer in XXXXXXXX is the Municipal District of Greenview, which has its main administrative office and several departments situated within town limits. The town is also a regional hub for medical services.

-Situated on the junction of Highway 43 leading to British Columbia and Alaska via Grande Prairie and the north south stretch of Highway 49 towards Donnelly and Alberta Highway 2 towards xxxxxxxxx.

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 .