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$ 2,799,000
Est. payment | /mo
19,355 SqFt
$ 2,799,000
Est. payment | /mo
19,355 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 19,355 sqft
Price per Sqft $144
Subdivision Downtown Drumheller
MLS Listing ID A2295532
Year Built 1984
Lot Size 0.540 Acres
Acres 0.54
Property Sub-Type Hotel/Motel
Property Description
Rare opportunity to become an owner operator of your own established motel/hotel in the heart of Drumheller-the Dinosaur capital of Alberta! This is your chance to own an "Econolodge Inn and Suites",a name synonymous with reliability and value. There are 54 suites offering a variety of sleeping arrangements,and,onsite living quarters for the owner/manager! This is a low overhead business offering a bustling very busy summer season. Located downtown,there is ample parking on the property and the motel offers breakfast dining. For the ultimate in convenience,there is a Shoppers Drug Mart right across the street. Drumheller is famous for its Dinosaurs and is only 110km from Calgary. Also,it is home to the 2nd largest natural gas field in Alberta. Tourism plays the largest part in attracting visitors including the "worlds largest dinosaur","Canadian Badlands Passion Play" at the amphitheatre,and of course,the "Royal Museum of Paleontology. The museum itself attracts half a million visitors every year! Add the spectacular Hoodos and you can see why Drumheller is a top Alberta destination! The hotel achieves an attractive cap rate and provides a relaxed,yet profitable lifestyle. If you're looking to run a profitable business while enjoying a small town feel,this might be the business you've been looking for!
Location
Province AB
Zoning DT
Interior
Inclusions SEE REMARKS
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
Listed by RE/MAX House of Real Estate
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
Grace Logura
Viren is the Real Estate in Calgary, I would like to say he's very good person, he understood client, when making their choice on what they like or not, He's he's patient, and kind, if I know someone who went to buy house, i will recommend him.
keith mascarenhas
If you are looking for someone to help you with your real estate needs in Calgary look no further than Viren Vijayashankar. With his affable style and genuine care to meet your requiremnts he offers the best advice backed by years of fine tuned expertise. He helped us with some difficult remote decision making and look forward to working with him in the future.
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