Price: $13,500,000
Annual Revenue: $4,050,000
Minimum Equity Required: $4,500,000
SDE: $2,000,000
Location: Alberta
Industry: Hotels, Motels, Camps and other Lodging
ID: 1327
Status: New
Let's get right to the point. This hotel is one of the best cash flowing to purchase price properties you will find in Canada. When is the last time you found a 15% or 16% CAP rate for a franchised, up to date no PIP, hotel anywhere?
Even better....environmental is done, inspection is done, appraisal is done, and bank financing is arranged. All due diligence was complete and the deal was done, and the purchaser decided to try and negotiate at the 11th hour, with no precedence and lost credibility. Agreed purchase price was less than appraised value, and they still wanted more. Now is your time to capitalize!
Very well located and well maintained, franchised, limited-service, four storey hotel has 96 guest rooms, a breakfast room, a fitness room, a meeting room, and other related hotel amenities.
It is located in a community and business centre that has supported some long term strategic investments in gas service. Penn West Energy Trust recently created a $1.25 billion joint venture with China Investment Corporation to increase development in this area. Shell Canada has also applied for regulatory approval for an 80,000 barrel per-day expansion of their existing operation (Carmon Creek). This is just the tip of the iceberg, there is more to discuss that will support the future of this hotel and the community.
The sale is anticipated to be an Asset sale.
By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.
Fiscal Year End is July 31. Annual Revenue and Net Operating Income:
2025: Trending better than both 2023 and 2024. YTD is up 10% over 2024.
2024
Revenue: $4,035,000
NOI: $1.875M+
2023
Revenue: $4,100,000
NOI: $1.96M+
2022
Revenue: $3,280,000
NOI: $1,400,000
2021
Revenue: :$2,770,000
NOI: :$1,265,000
2020
Revenue: $2,360,000
2019
Revenue: $2,630,000
2018
Revenue: $3,000,000
Located on 2.54 acres, the gross building area of the structure is 55,295 Sft and includes 13,994 Sft of main floor area.
Built in 2013
Services are town sewer and water.
For more information on this listing, please complete our Non-Disclosure Agreement
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview