FULL SERVICE FRANCHISE HOTEL IN BIG CITY AB

Listing Serial No.

FH1481227368

Description

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.

2. REVENUE:

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)

2018: $2,747,645

(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 .

CONFIDENTIALITY AGREEMENT

RE : FH1481227368

I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

Accepted and agreed this 08 day of July, 2020.

Name

Phone

Acceptance of CONFIDENTIALITY AGREEMENT

I agree.

FULL SERVICE FRANCHISE HOTEL IN BIG CITY AB

LOGIN