FULL SERVICE FRANCHISE HOTEL IN BIG CITY AB
1. GENERAL DESCRIPTION
108 Room full service hotel with 3,600 Sqft conference room , 6,000 Sqft Restaurant & Bar which was built in 2003 with 1.95 Acres located along a major arterial roadway inbound to the city.
Due to its excellent exposure attributes, its easy access to major arterial roadways (Stony Plain Road and Anthony Henday Drive), and the high quality of adjacent developments.
2016 : $4,083,416
( Room : $3,374,976.54, Rental : $54,109,56 Restaurant & others : $654, 331)
2017 : $3,779,109
( Room : $2,789,487, ADR $124.12, Occupancy :68.67 %, Restaurant & Others : $989,622)
(ROOM : $2,491,741 ADR : $121.54, Occupancy : 52.01%)
-The teant of the restaurant & Bar spent money for the leasehold improvements so there is no rental income.
- The owner collected the income of Conference centre but the customers pay to the restaurant & lounge owner.
- New owner can takeoverat any time for the retaurant & lounge without any additional cost. forlease holdimprovements.
Very competive asking price for this full service hotel in bigh City AB as $110,000/Door .