101 Grove Place - MLS® # A2108993

Property Details

List Price:
$3,590,000
Living Area:
0 sqft.
Bedrooms:
N/A
Bathrooms:
N/A
Lot Size Area:
47480 sq.ft.
Taxes:
N/A
Type:
Hotel/Motel (Commercial)
Style:
N/A
Basement:
Year Built:
1979

Description

This 2 stories 49 rooms limited services franchise hotel occupies a location with access and exposure to Highway #9. The subject benefits from the synergies created along this highway commercial node. Drumheller’s economy is based on agriculture and tourism with the oil and gas industry. Located on the CN main line linking Calgary and Saskatoon, it is a service center for the surrounding agricultural area engaged in grain production, specialty crop that, hay production, and ranching. There are several tourist attraction places such as the Drumheller Valley, the Tyrell Museum of Palaeontology which is the largest museum archaeological display in the world, has always held a degree of appeal for tourists. It is estimated that the number of visitors to the area has tripled to approximately 500,000 per annum. Revenue : 2023:$1,061,049, 2022 :$775,319 , NOI : 2023: $376,772

Listing Provided By

MaxWell Canyon Creek

Neighborhood Info

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

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  • Maxwell Canyon Creek
  • Unit 203, 20 SunPark Plaza SE
  • Calgary, AB
  • T2X 3T2