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Hospitality Business For Sale in Sherwood Park, AB (Listing ID: 1569)
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Hotel for sale
PROPERTY OVERVIEW
This property has 18,000 square feet of retail space, 10,700 square foot 30 room hotel, 2,000 square feet of office, 7
studio apartment suites, and 84 self-storage units for lease.
Solid investment property with good income and upside potential with licensing 84 storage units and modernization.
Great parking and excess land for future development.
PROPERTY HIGHLIGHTS
NOI 2018 $350,000
Cap Rate 11.86%
84 climate controlled storage units (Not included in NOI)
An excess lot of land for development or expansion.
Property Summary
Our timeless, yet cozy, modern rooms are favorites of guests looking for a relaxing stay just minutes from Edmonton's attractions and entertainment. Select from charming and classic rooms in the Landmark Building. All updated guestrooms feature Morinville Plaza's thoughtful touches and signature amenities to create a truly luxurious stay. Our warm and friendly manager will help make you feel at home.
$3,500,000 CAD
Sherwood Park, AB Hospitality Business For Sale Details
Independent
Company Name:
Morinville Plaza & Suites
Legal Body:
Incorporated
Business Reg #
817881964
Established In:
2013
Last Year of Completed Statements
2018
Gross Revenue:
To Be Discussed
Annual Earnings:
To Be Discussed
Land/Building Included:
No
% of Business Selling:
100%
Reason for Sale:
Retirement
Financing Available:
No
Buyer does not need to have experience owning & operating a business or franchise.
Buyer does not need specific industry experience.
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