$1,590,000.00 12,500 Sq.ft

5032 Caxton Street , Whitecourt. T7S1N9

Description

Huge amount of the reduction of the price from $5.5m. This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , very stable restaurant, a lounge with 9VLT. a meeting room, and other related hotel amenities. The Main Building contains a one-storey component (common areas) and a two- storey component (hotel room component). The Annex Building is a one-storey structure. The Main Building was completed in 1979 and the Annex Building was completed in 1993. Similar to many Central Alberta communities, the economy of this town is based primarily on the forestry and oil and gas industries. Forestry is supported primarily by three companies. Tourism also plays a minor role in the local economy. This hotel has been operated by GM so owner operation will be much better . Do not miss this great opportunities ! Revenue detail( 2022 :$1,452,753, 2023:1,533,627), NOI (2022:$236,991, 2023:$289,817)

Listing Information

Prop. Type:Commercial
Status:Pending
MLS #:A2110933
City:Whitecourt
Neighbourhood:NONE
Province:Alberta
Building/Unit Size: 12,500 sq.ft
Land Size:2.84 Acre
Listing Price:$1,590,000.00
Listing Price Arce: $0 per Acre
Business Type: Hotel/Motel Hotel,Motel
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:C-3 , HIGHWAY COMMERCIAL
Listing Contract Date:2024-02-29

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "MaxWell Canyon Creek" listing brokerage.

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