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Flagged Hotel Located In Alberta For Sale

Alberta, Canada
Asking Price:
$12,000,000 (CAD)
Sales Revenue:
$1,997,785 (CAD)
Cash Flow:
$500,905 (CAD)

This is a Flagged Hotel that was built in 2009. The current ownership purchased this operation in 2012. They have operated this business successfully since that time. The ownership of the hotel would now like to retire as he has been selling a number of his operation in recent years. The Hotel is located in a small City with a population over 68,000 people. There are a number of other hotels in the same city as well. The city has continued to grow even in the turn down in the economy in Alberta over the past 5 years. This would be a great opportunity for a company to purchase a business in the Province and get ready for the next growth period. The Hotel has an excellent reputation for quality of service in all areas. The hotel offers a excellent free breakfast as well as a pool, fitness room and meeting rooms to accommodate all types of clients.

Property Information

Real Estate:

Real Property Included

Location:

This Hotel is located in a city in Alberta that has a population of some 68,000 people and has been growing steadily even in the turn down in the economy of Alberta. There are a number of well established business in the area as well as an active city council.

Premises Details:

The Hotel has 103 rooms plus Pool, Fitness center and meeting rooms. The operation has a strong maintenance program which makes sure the rooms are attractive and up to date.

Size in square feet:
just over 2 acres of land

Business Operation

Expansion Potential:

The hotel is located on just over 2 acres of land. To expand the business would be adding more floors to the hotel.

Competition / Market:

There are number of other hotels in the area that offer similar services but do not have this number of rooms. This hotel operation has a system for checking on the room rates of all the other operations on a daily and some time twice daily bases.

Reasons for selling:

The ownership has reached the age of retirement and as been gradually sell off businesses over the past couple of years.

Trading hours:

in operation 24/7 and 365 days a year.

Employees:
15 full time people working in a number of areas of the operation this includes a manager in charge
Years established:
2009

Other Information

Support & training:

The franchise or Flagged company will offer training and the period of time could be changed for what ever is required. The current over all Management would also offer a limited period of training if needed

Financing available:

There are Lenders that would be interested in providing financing for this operation to 65% of the purchase price. This could depend on the cash flow of the business of course.

Furniture / Fixtures value:
$500,000 (CAD)
Inventory / Stock value:
$93,000 (CAD)

Contact Information

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