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Flagged Hotel In Calgary For Sale

Calgary, Alberta, Canada
Asking Price:
$24,000,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$5,225,930 (CAD)
Cash Flow:
$1,142,949 (CAD)

Flagged Hotel with 156 rooms that offers various room types which caters to customers needs. The Hotel has provides a full Breakfast menu which caters to clients requirements. provides a full dinner setting and bar service. In addition there is Pool, Fitness room, meeting rooms, network area, free parking and shuttle service to airport which is 24 hours a day. The location of the hotel is with in easy reach of people who need to get the airport quickly. There are a number of new commercial buildings in the area which will provide even more customers for this operation for meeting rooms and service.
The sales have been steady given the economy in Alberta over the past 4 years. There are a number of other facilities in the area which offer a similar service but all do not have the quality & service for Dinning or the quality of food that is offered at this location. Sales are currently in the area of $3,749,642. and it anticipated the sales in the coming year will be stronger.

Property Information

Real Estate:

Real Property Included

Location:

This Hotel is located in the Airport area of the Calgary international airport. It provides free parking in a very large lot and free 24 hour shuttle bus service to and from the Airport. It has very easy access to the airport.

Premises Details:

This property is relative new having been built by the current owners in 2015. The services by the hotel has been defined by the needs of their customers over the past 5 years. it appears the service now is meeting the customers requirements and is also providing a excellent cash flow for the hotel.

Business Operation

Expansion Potential:

This operation could expand the services to a number of commercial companies that are renting some large retail space in the immediate area. In fact some of the meeting rooms are currently used by these businesses. As the staffing increases in these properties there could be a demand for lunches and bar use.

Competition / Market:

There are number of hotels in the area some of which provide a similar service. There is a list of these provided with the package on this business.

Reasons for selling:

The ownership of the hotel is looking to retire.

Trading hours:

They are open 23/7 365 days a year.

Employees:
39 full-time 23 part-time
Years established:
2015

Other Information

Support & training:

The Franchise or Flagged company will provide some training. In addition the ownership will also work with the new owners.

Financing available:

There is some financing for this type of operation which would likely be in the area of 65% of the purchase price based on cash flow.

Furniture / Fixtures value:
$2,000,000 (CAD) - included in the asking price

Contact Information

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