(Undisclosed Address), Whitecourt

$1,990,000


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!!

Essential Information
MLS® #A1053056
Price$1,990,000
Bathrooms0.00
Acres3.00
Year Built1984
TypeCommercial
Sub-TypeHotel/Motel
StatusActive
Community Information
AddressN/A
CityWhitecourt
CountyWoodlands County
ProvinceAlberta
Interior
HeatingRadiant, Make-up Air
Additional Information
Date ListedDecember 5th, 2020
Days on Market17
ZoningC3
Listing Details
OfficeMAXWELL CANYON CREEK

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