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Great Cash Flow, Popular, Limited-service Hotel In Alberta For Sale

Confidential, Alberta
Lodging and restaurants
Company Data
Price
$13.5M
49%
Revenue
$4.1M
Top 10%
Profit
$2.0M
7X
Business Overview
About the Company
Gateway Business Brokers has determined the owner/seller has met our qualification standards of being an established, profitable, bankable business. This is the starting point of our SCS system that has proven to deliver results 3x or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. 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. Built in 2013 Services are town sewer and water. For more information on this listing, please complete our Non-Disclosure Agreement
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