Address
Not Disclosed Whitecourt, AB
Price
$ 1,990,000
Property Attributes
  • ID#A1053056
  • TypeCommercial
  • CityWhitecourt
  • Postal Code
  • Style
  • Price$ 1,990,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12500
  • Lot Size2.84 Acres
Listing Provided Courtesy Of:
Francis Lee with Maxwell Canyon Creek
Data Source:
RLP - CREA EN
Property Description

This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , a restaurant, a lounge, (9 VLT) a meeting room, and other related hotel amenities. This includes a Main Building (28 rooms) and an Annex Building (34 rooms). 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. Owner is operating another business in other province. Revenue detail( 2017:$2,222,388, 2018: $2, 009,381,2019 : $1,633,222, 2020 till Nov 29 : $1,378,057), Huge amount of the price reduction from $5,500,000!!

Exterior Features

Lot Size 123710
Jumpid 13963737

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in