5032 Caxton Street - MLS® # A2110933

Property Details

List Price:
$1,590,000
Living Area:
0 sqft.
Bedrooms:
N/A
Bathrooms:
N/A
Lot Size Area:
123710 sq.ft.
Taxes:
N/A
Type:
Hotel/Motel (Commercial)
Style:
N/A
Basement:
Year Built:
1984

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 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