Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel

WELL REPUTATION FULL SERVICE HOTEL

Views: 2621

Listing Serial No.

FH1461486725

Price

$3,300,000

Description

1.Description

TheĀ  subjectĀ  34 full serviceĀ  hotel was built originally inĀ  1954 and Ā it was expanded in 1980, 1989, and 2010. Several other renovations projects have been completed since its original construction include common amenities , restaurant, dining room, lounge, bar, liquor store, and other associated improvements. Flooring within the rooms primarily consists of laminate wood flooring with ceramic tile in bathrooms.

There areĀ  474 seat bar with the VLT gaming room contains 25 VLTs Ā with off ā€“track horse race, 158 seat dining room,Ā  78 seat restaurantĀ  seat dining room. There ae 80 paved parking stalls.Ā 

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2.Location

The most recent population estimate for the county (2011 Canadian Census) is 8,402 persons.

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3.Economy

Ā Oil and gas provides the greatest influence to the county due to significant oil and gas resources in the area. Several oilfield service companiesĀ  base their operations out of Xxx Xx Xxxxx. Agricultural products are also an important industry due to the presence of fertile cropland in the county. Due to significant forest reserves, forestry and logging also play an influence. Tourism is a growing industry but still remains a minor influence.

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4.Revenue

Total revenue : $3,301,075, NOI : $378,245

Revenue detail )Room : $244,915, Liquor: $1,223,085,Commission(ATM &VLT)$415,815, Pool table : $53,494, Rental income from employee: $10,000.

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5.Virture Tour

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http://view.maxwellrealty.ca/tour/blaze/?tourId=3545906#.Vx-b3zArKUk

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 ā€œAgreementā€), 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 .