Full Service 60+ Room Hotel near Edmonton

This well-cared for, full service, non-franchised hotel is located within 90 minutes of Edmonton in an important oil & gas town. Revenues are trending towards numbers experienced in 2014, which were in excess of $2.2M, and produced more than $700k in profit, leading to an appraised value in excess of $8M. There are 67 guest rooms, a completely renovated 210 seat lounge, 10 VLTs, banquet rooms, and a 173 seat restaurant that is currently closed but can be reopened with a little work.

Whether this is your first hotel investment or your 20th, this property and sale are well-positioned for a successful transition, with the owner attending to many of the most important matters of the building and rooms, while improving the reputation and following of the property.

The sale is structured as an Asset sale. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.

Financial Information
For the 12 months ending December 31, 2023, room revenues were $805k

March 31, 2023 Fiscal Year End
$1.5M Revenues ($820k room, $106k VLT, food and other balance)
Seller's Discretionary Earnings of $356k. ($90k increase in labour costs, explainable, $20k increase in utilities)

March 31, 2022 Fiscal Year End
$1.38M Revenues
Seller's Discretionary Earnings of $459k.

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.


Operations
This concrete hotel, which was built in 1974 and expanded in 1990, is located on a very large 4.60 acre parcel on the main road through this bustling town. All town services are supplied including water and sewer. A recent environmental review has been completed confirming the property is free and clear of contamination risk.

For more information on this listing, please complete our Non-Disclosure Agreement