101 Grove Pl - Hospitality FOR SALE


Drumheller, AB T0J 0Y0
$3,800,000 CAD
825-798-0421
101 Grove Pl, Drumheller, AB for Sale
$3,800,000 CAD
Hospitality - FOR SALE
1/10
null | 8.1% Cap Rate

101 Grove Pl
Drumheller, AB T0J 0Y0


OVERVIEW

TRAVELODGE DRUMHELLER, AB. 49 ROOM FRANCHISE HOTEL FOR SALE. Land size 1acre approx. 2 storey heights. Built in 1979. Renovation cost $500k approx 2020-2022 bathroom, tiles, roof and more. No PIP currently. Fee simple. Current owner since 2015, and is not involved in the business. Operated by a manager, non-unionized, # of employees 8-15. License Agreement with Travelodge, remain 11 years approx. 2024 SALE $1,081k. CAP Rate 8.1% on $3.8m. QUALIFIED BUYER ONLY, NDA REQUIRED.

FOR SALE DETAILS

PRICE

$3,800,000 CAD

PRICE/SF

$165 CAD /SF

# OF ROOMS

49

PRICE/ROOM

$77,551 {currency}

CAP RATE

8.1%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge Drumheller

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

C-B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jay ChoiSutton Group - 1st West RealtyMore Info
825-798-0421

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Jay ChoiSutton Group - 1st West RealtyMore Info
825-798-0421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.