Hotel for sale 5,200,000
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2 storey, 61 guest room, Northern Alberta Branded Hotel is now available for purchase.
Various Revenue Streams which are also well supported by the townâ€™s locals ensure a balanced cash flow for new owners include:
â€¢ Restaurant with 120 seats
â€¢ Lounge capacity of 80 seats
â€¢ Nightclub with 3 bars and 6 serving stations, 400 seat capacity
â€¢ VLT Lounge located within the lounge hosting 4 video lottery terminals
â€¢ Business Centre,
â€¢ Meeting and Banquet Room facilities,
The town is located on Major Northern Alberta Highway, which is well known as a destination hub for anyone traveling throughout Northern Alberta and serving the trading area of over 20,000 people as well.
Daily flights by a variety of airlines out of Edmonton ensure easy access to this property for an absentee owner.
This Hotel is in excellent condition and shows that this hotel is being operated by a family who cares. Owners have operated this property for over 30 years and are now in the process of retiring.
They will take the time to train new owners or managers to ensure a smooth transition and this property would make an excellent addition to an investment portfolio. Financing may be available with the buyer having a minimum of 30% downpayment.
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