FULL SERVICE FRANCHISE HOTEL IN BIG CITY AB
1. DESCRIPTION: This recently renovated hotel has 65 guest rooms, including five suites.
The 6,000 sq. ft. Heritage Room is the second largest ballroom in the City.
The Arts Bistro and Wine Bar, which is leased as $5,500/M is among
the newest restaurants in city. The Hotel also boasts City's only
saltwater pool, along with a whirlpool, 24-hour fitness centre, guest laundry and a
business centre. Additionally, there is 12,000 sq. ft. of vacant space in the
lower level that previously operated as a night club. Although work has not yet begun,
there are preliminary plans to repurpose this space into a brew pub.
2. REVENUE : $1,907,933( Room : $1,485,509, Meetijg room : $265,779, Others : $156,645)
3. NOI : $602,753