4217 50 Avenue, Red Deer, Alberta

$7,190,000

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1.78

Acres

About 4217 50 Avenue

Red Deer Park Hill Inn & Suites is an 86-room, four-storey limited-service hotel on 1.78 acres along Gaetz Avenue. The building was originally completed in2005 as a Ramada but converted in 2011 into a Super 8 till 2024. Recently new owner upgraded throughout, the property offers strong brand-conversion potential (Sure stay Best Western brand, Ramada, Quality Inn and Super 8) and generated $1.73M in 2025 revenue. Its central location provides steady demand from highway traffic, industrial activity, and regional tourism. Future performance is expected to strengthen significantly with the Red Deer Regional Hospital Redevelopment and the expanding Red Deer Airport, both driving long-term increases in workers, medical travelers, and visitor traffic—positioning the hotel for higher occupancy and ADR growth. Renovation: carpet, painting ,new 55” TV, new door lock, new mattress, micro waive and washer & dryer etc .

Features of 4217 50 Avenue

MLS® # A2277735
Price $7,190,000
Bathrooms 0.00
Acres 1.78
Year Built 2005
Type Commercial
Sub-Type Hotel/Motel
Status Active

Community Information

Address 4217 50 Avenue
Subdivision Downtown Red Deer
City Red Deer
County Red Deer
Province Alberta
Postal Code T4N 3Z4

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed January 9th, 2026
Days on Market 14
Zoning C1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMaxWell Canyon Creek

Listing Map