This 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. Working Capital shall be adjusted at $0. 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.
Annual Revenue and Net Operating Income:
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
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.
Services are town sewer and water.
