Great Cash Flow, Popular, Limited-Service Hotel
← Back
Hospitality Business For Sale in Confidential, AB (Listing ID: 3859)
Interested in this listing?
You must have a BuyAndSellABusiness.com account in order to initiate contact with the seller. Create your FREE account or Login if you are an existing member.
Annual Earnings:
$4,100,000
Liquid Cash Invested:
$
Borrowed Amount:
$
Interest on Borrowed Amount:
%
Tagged Keywords
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.
$13,500,000 CAD
Confidential, AB Hospitality Business For Sale Details
Independent
Legal Body:
Incorporated
Established In:
2013
Gross Revenue:
To Be Discussed
Annual Earnings:
$ 4,100,000
Land/Building Included:
Yes
% 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.
*DISCLAIMER: BuyAndSellABusiness.com assumes no responsibility for the accuracy of any information shown.