100-Room Limited Service Hotel

Price: $10,270,000

Annual Revenue: $2,640,000

Minimum Equity Required: $3,000,000

SDE: $785,000

Location: Alberta

Industry: Hotel Motels Cottage

ID: 1416

Status: New

Description

This 100-room limited service hotel was built in 2015, is in very good condition, and has complimenting amenities including waterslide pool, lounge, fitness room, business centre, and meeting rooms.

There is an opportunity to change the branding of the property, which may support enhanced demand, given it's prime location to a major highway.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

Annual Revenue and Net Operating Income:

2023
Revenue: $2,640,000
NOI: $785,000

2022
Revenue: $1,980,000

2021
Revenue: $1,730,000

Operations

Site Area: 1.96 acres

Property is serviced with town sewer and water.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

For more information on this listing, please complete our Non-Disclosure Agreement

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