Attention Investors! Here's an opportunity to acquire a profitable 52 room motel in the thriving town of Drayton Valley. This limited service motel was built in 2006 and has been well-managed and maintained with upgrades made as necessary. The property also includes a large parking lot and a 2-car detached garage used for storage.
Despite the recent market uncertainty that has impacted the rural Alberta hotel/motel market, this property remains marketable given its size and condition. The effective age of the building is only 15 years, and with ongoing maintenance, there is a remaining economic life of 35 years. Additionally, recent renovations have improved the property, making it even more attractive to potential buyers.
While the property has historically underperformed, this presents an excellent opportunity for potential upside. This is an attractive investment opportunity for those looking to expand their portfolio or enter the hospitality industry.
