My Office Listings
Courtesy of Jongsung Baik of Initia Real Estate
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Whitecourt
Whitecourt
T7S 1N8
$2,490,000
Business with Property
- Status:
- Active
- Prop. Type:
- Business with Property
- MLS® Num:
- E4379153
- Bus Major:
- Accommodation/Travel and Tourism
- Bus Minor:
- Hotel/Motel
- Build. Type:
- Commercial Mix
- Photos (10)
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Located at the entrance of Whitecourt, this franchise hotel boasts both profitability and exceptional investment value. Situated on 2.2 acres of prime land, the property features 62 guest rooms, including 6 suites and 14 kitchenette rooms, a 60-seat lounge with 10 VLTs, a 92-seat restaurant, and a 60-seat banquet room with a party room accommodating 4 pool tables. The guest rooms cater primarily to long-term stays, with a focus on clientele from the oil and gas industry, while the bar and restaurant attract both locals and visitors alike. Since the onset of COVID-19, there has been a steady increase in revenue and income. The current owner has been operating the business for a decade since 2014 and is now looking to retire. With a staff of 18 employees, the business recorded $1.55 million in revenue for the fiscal year ending February 2023. (Given that the fiscal year for this corporation ends at the end of February, the revenue reported in the 2023 financial statements largely represents that of 2022.)
- Property Type:
- Business with Property
- Transaction Type:
- For Sale
- Lease Oper Costs Per Sq M:
- $0
- Major Bus Type:
- Accommodation/Travel and Tourism
- Minor Bus Type:
- Hotel/Motel
- Price Per SqFt:
- $113.18
- Lot Area:
- 2.19 acre(s)0.89 hectare(s)
- # of Units:
- 0
- Year built:
- 1979 (Age: 45)
- Bathrooms:
- - (Full:-/Half:-)
- Building Type:
- Commercial Mix
- Num. of Parcels:
- 1
- Construction:
- Brick, Concrete, Stone
- Whitecourt
- Private
- Seller Rights Reserved:
- No
- Zone:
- Zone 70
- Zoning:
- Zone 70
- Title to Land:
- Fee Simple
- Legal Lot:
- 2-3
- LINC Number:
- 0013949334
- Days On Website:
- 275 day(s)275 day(s)
Larger map options:
Data was last updated December 27, 2024 at 05:30 AM (UTC)
- Hyun Biagi
- Initia Real Estate
- (780) 996-3836
- Contact by Email
- Jason Biagi
- Initia Real Estate
- (780) 709-7829
- Contact by Email
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