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$1,299,000
Est. payment /mo
14,475 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 14,475 sqft
Price per Sqft $89
MLS Listing ID A2299557
Year Built 1915
Property Sub-Type Hotel/Motel
Property Description
Established Hospitality Asset – Motel,Restaurant & Tavern with Value-Add Potential. Rare opportunity to acquire a well-established,fully operational hospitality business offering multiple revenue streams and long-standing community presence. This three-storey property has been consistently maintained and operated,making it a strong turnkey investment.
The motel features 17 guest rooms,including a mix of standard and family-style accommodations,all with full bathrooms. In addition,there are 2 supplementary rooms currently utilized for housekeeping/storage,enhancing operational efficiency. The property includes a licensed restaurant (approx. 65 seats) and a tavern/bar (approx. 120+ capacity) equipped with revenue-generating features such as pool tables,ATM,and entertainment systems. While VLTs were previously in operation,they have been removed; however,future operators may have the opportunity to reintroduce VLTs (subject to regulatory approval),representing a significant upside in revenue. A 2-bedroom furnished manager's suite is included,ideal for onsite ownership or management. Recent capital improvements include: Boilers replaced (2019) Roof updated (2018) New flooring in guest rooms and hallways (2020) New bar ice machine (2020) New beer cooler (2022) Investment Highlights: 17 guest rooms,including 2 bedroom manager suite with in-suite washer and dryer. Restaurant and tavern with strong capacity Multiple income streams under one roof Long operating history with established clientele Fully staffed,turnkey operation Value-add opportunity through VLT reintroduction. Located in a high-traffic corridor with year-round tourism drivers This is an excellent opportunity for experienced operators or investors seeking a stable hospitality asset with upside potential. Do not approach staff or ownership directly. Financials available upon execution of a Confidentiality Agreement (NDA).
The motel features 17 guest rooms,including a mix of standard and family-style accommodations,all with full bathrooms. In addition,there are 2 supplementary rooms currently utilized for housekeeping/storage,enhancing operational efficiency. The property includes a licensed restaurant (approx. 65 seats) and a tavern/bar (approx. 120+ capacity) equipped with revenue-generating features such as pool tables,ATM,and entertainment systems. While VLTs were previously in operation,they have been removed; however,future operators may have the opportunity to reintroduce VLTs (subject to regulatory approval),representing a significant upside in revenue. A 2-bedroom furnished manager's suite is included,ideal for onsite ownership or management. Recent capital improvements include: Boilers replaced (2019) Roof updated (2018) New flooring in guest rooms and hallways (2020) New bar ice machine (2020) New beer cooler (2022) Investment Highlights: 17 guest rooms,including 2 bedroom manager suite with in-suite washer and dryer. Restaurant and tavern with strong capacity Multiple income streams under one roof Long operating history with established clientele Fully staffed,turnkey operation Value-add opportunity through VLT reintroduction. Located in a high-traffic corridor with year-round tourism drivers This is an excellent opportunity for experienced operators or investors seeking a stable hospitality asset with upside potential. Do not approach staff or ownership directly. Financials available upon execution of a Confidentiality Agreement (NDA).
Location
Province AB
Zoning CM-1
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Garbage Collection, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 13
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions Easement Registered On Title,Historic Site
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Listed by Century 21 Bravo Realty
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