Opportunity to purchase a Quality Inn & Suite
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This Quality Inn & Suites is located on a Major Northern Alberta Highway, which is well known as a destination hub for anyone traveling throughout Northern Alberta and serving the trading area of over 20,000 people as well.
This Hotel was rebranded as Quality Inn & Suites in 2012, is in excellent condition. and shows that this hotel is being operated by a family who cares. Owners have operated this property for over 30 years and are now in the process of retiring.Sellers will take the time to train new owners or managers to ensure a smooth transition making this property an excellent addition to an investment portfolio.
This 2 storey, 61 guest room hotel consisting of singles, doubles, one kitchenette, & four Jacuzzi suites. Most rooms have both interior and exterior access.Total building square footage 51,680 sq. ft.
Various Revenue Streams which are also well supported by the town's locals ensure a balanced cash flow for new owners
* Restaurant with 120 seats
* Lounge capacity of 80 seats
* Nightclub with 3 bars and 6 serving stations, 400 seat capacity, with professionally programmed and installed sound & light show
* VLT Lounge located within the lounge hosting 4 video lottery terminals
Additional Hotel amenities
* Breakfast Room,
* Fitness Center,
* Business Centre,
* Meeting and Banquet Room facilities,
* Fiber Optic internet
* High Definition TV
* Choice Advantage PMS,
* Micros POS with 7 Terminals & "mymicros" technology
* 16 Cameras installed to monitor the property with remote
Daily flights by a variety of airlines out of Edmonton ensure easy access to this property for both clients and an absentee owner.
This business is being offered at 5,400,000 and below the bank appraisal of 6,000,000. Financing can be arranged with interested parties having a min. of 30% down payment.
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|Details||Last hour:||Last 24 hours:||All:|
|Posted||April 13, 2018|
|Expiry||May 13, 2018|
|Details||New, Commercial Seller|