This property is listed by Initia Real Estate.
Data was last updated 2025-02-20 at 15:48:50 GMT
$2,490,000

0 N/A   Woodlands, Alberta

MLS®: E4379153
URL:    
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.)

Listing Information

Prop. Type:
Other
Status:
Active
City:
Woodlands
MLS® Number:
E4379153
Neighbourhood:
Whitecourt
Area:
Whitecourt
Province:
Alberta
Listing Price:
$2,490,000

General Information

Year Built:
1979

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Location


Anu Khullar
RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
Office: 780-439-7000
Fax: 866-293-5424
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.