Great Cash Flow, Popular, Limited-Service Hotel

Description

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.

Financial Information

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

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.

Services are town sewer and water.