$8,100,000.00 56,625 Sq.ft

Address Not Available

Description

102 well built rooms on four stories, this hotel has a large meeting room, a swimming pool with a waterslide, and a well-equipped fitness room. It is situated near many complimentary commercial developments and services such as cafes and grocery stores. Originally built as a Holiday Inn Express in 2008 and converted to Days Inn & Suites in 2010, this hotel is the best in the competitive set for the immediate area. (Trend of Revenue: 2014: $3,583,221; 2015:2,947,366; 2018: 1,455,421; 2019: 1,379,922) This town had a population of 17, 008 over the prior year according to the 2020 municipal census. There is easy access from the Calgary International Airport and it takes about forty (40) minutes to drive to this town. This town is well serviced and has its own diverse economic base, and it is also able to benefit off of Calgary’s strong, energy-based economy as well. As its history might tell you, this building adapts well to conversions and can be changed to be used as a senior residence. With a high demand for senior residences and proximity to medical services, the ideal location of this site will be able to open up business opportunities

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1040076
City:Strathmore
Neighbourhood:
Province:Alberta
Building/Unit Size: 56,625 sq.ft
Land Size:2.06 Acre
Listing Price:$8,100,000.00
Listing Price Arce: $0 per Acre
Business Type: Hotel/Motel Hotel,Motel
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:HWY Commercial
Listing Contract Date:2020-10-06

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "MAXWELL CANYON CREEK" listing brokerage.

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