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    Address Not Published

    Whitecourt, AB T7S 1A1
    • $1,990,000
    • STATUS: Active
    • ID#: A1053056
    $1,990,000
    • 0
      BEDS
    • 2.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighbourhood:
    Type:
    Commercial
    Built:
    1984
    Area:

    Description

    This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , a restaurant, a lounge, (9 VLT) a meeting room, and other related hotel amenities. This includes a Main Building (28 rooms) and an Annex Building (34 rooms). 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. Owner is operating another business in other province. Revenue detail( 2017:$2,222,388, 2018: $2, 009,381,2019 : $1,633,222, 2020 till Nov 29 : $1,378,057), Huge amount of the price reduction from $5,500,000!!

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    Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-08-03T00:30:13.907.
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    Address Not Published Whitecourt, AB T7S 1A1

    • Price: $1,990,000
    • Status: Active
    • ID#: A1053056
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.84
    Acres
    1984
    Built
    Neighbourhood:
    Woodlands
    Area:
    Woodlands
    Property Description
    This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , a restaurant, a lounge, (9 VLT) a meeting room, and other related hotel amenities. This includes a Main Building (28 rooms) and an Annex Building (34 rooms). 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. Owner is operating another business in other province. Revenue detail( 2017:$2,222,388, 2018: $2, 009,381,2019 : $1,633,222, 2020 till Nov 29 : $1,378,057), Huge amount of the price reduction from $5,500,000!!
    Exterior Features

    Garage YN No Structure Type Hotel/Motel

    Interior Features

    Below Grade Finished Area 0.00 Building Area Total SF 12500.00 Ensuite YN No Heating Make-Up AirRadiant

    Property Features

    Additional Parcels YN No Building Area Total 12500.00 Business Type Hotel/Motel Condo Type Not A Condo Property Sub Type Hotel/Motel Title Land Fee Simple Transaction Type For Sale Zoning C3

    Listing provided courtesy of Maxwell Canyon Creek. © 2021 CREB®. All Rights Reserved.
    Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-08-03T00:30:13.907.
     
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