UNAVAILABLE

Great Cash Flow, Popular, Limited-Service Hotel

Description
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 very busy oil and gas service centre that has seen some significant commitments recently. 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).

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, if not all, of your questions.

Financial Information
Annual Revenue and Net Operating Income:

2023
Revenue: $4,100,000
NOI: $2M

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

Real Estate
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.