LOADING


LOADING

$2,490,000

0 N/a, Whitecourt, Alberta T7S 1N8 (26675341)

22000 sqft
Acreage

0 N/A

Whitecourt, Alberta T7S1N8

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.) (id:50955)

Business

BusinessType Accommodation
BusinessSubType Hotel/motel

Property Details

MLS® Number E4379153
Property Type Business
Neigbourhood Whitecourt

Building

ConstructedDate 1979
SizeInterior 22000 Sqft

Land

Acreage Yes
SizeIrregular 95396
SizeTotal 95396 Sqft
SizeTotalText 95396 Sqft

Taylor Mitchell

Realtor®

Sheena Gamble

Realtor®

Listing Courtesy of:


Jongsung Baik
Associate

(780) 218-4549
(780) 705-5392
Initia Real Estate
201-11823 114 Ave Nw
Edmonton, Alberta T5G 2Y6

(780) 705-5393
(780) 705-5392
www.liveinitia.ca/

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