Full Service 60+ Room Hotel near Edmonton
This well cared for full service non-franchised hotel located in an important Oil&Gas town is quickly tracking towards revenues experienced in 2014, which were in excess of $2.2M, produced more than $700k in profit, and was appraised in excess of $8M. There are 67 guest rooms, a completely renovated 210 seat lounge, 10 VLTs, banquet rooms, and a 173 seat restaurant that is currently closed but can be reopened with a little work.
Whether this is your first hotel investment or your 20th, this property and sale is well positioned for a successful transition, with the owner attending to many of the most important matters of the building and rooms, while improving the reputation and following of the property.
The sale is structured as an Asset sale. By completing the NDA and becoming a qualified buyer, we’ll be happy to send you a full Offering Memorandum that will answer most all of your questions.