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Recession Proof Canada Grey Hotel In Hanna For Sale

Hanna, Alberta
Lodging and restaurants
Company Data
Price
$3.7M
50%
Revenue
$5.0M
Top 10%
Profit
$2.5M
1X
Business Overview
About the Company
This 81 room Motor Inn with 5 revenue streams is essentially recession proof. It is located in a strong regional center in Alberta with a hospital, provincial government offices, Kindergarten to Grade 12 school, seniors facilities. There are large thriving dealerships such as Chrysler, GMC/Chev, Ram along with farm implements and equipment Cervus for John Deere. Developments include Two new large Wind Turbine sites are being built by TransAlta and BluEarth which will supplement the Sheerness natural gas fired electricity production plant. These, in addition to all other activity including a new fertilizer plant and renewed (ie better) oil and gas activity has raised occupancy substantially as well as increased sales in the full service restaurant, VLT (slot machine) lounge, pub and liquor store. Occupancy is now at 80%+ and solidifying more as the wind farms are constructed over the next two years. The owner is happy to discuss the property directly with serious interested buyers.
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