Hotel

Potential Hotel Acquisition Opportunity

Year Built: 2007

Number Of Rooms: 46

Storeys: 2

Site Area: 0.7 Acres

NOI: $300,000

Asking Price: $3,000,000

Description: This exceptional investment opportunity features a well-maintained, 46-room property located in the heart of Innisfail, Alberta. Built in 2007, this two-story hotel sits on a 0.7-acre site and offers a variety of amenities catering to both business and leisure travelers. Guests benefit from conveniences such as free WiFi, air conditioning, housekeeping, and laundry services.

Located in the Central Alberta Area submarket, which comprises approximately 140 hotel properties, this asset benefits from a stable hospitality market. With an average occupancy rate of 54.2% and robust RevPAR growth of 8% over the past year, the region shows no signs of supply-side pressures. The lack of new hotel constructions in recent years has further enhanced the value of existing properties.

This property presents a lucrative opportunity for investors looking to expand their portfolios in a market with a consistent upward trend in performance.

CONFIDENTIALITY AGREEMENT

I hereby acknowledge that the information regarding the above business(es) and/or Seller(s) is being provided to me in strict confidence and is to be used solely for the purpose of assessing the potential purchase of the business(es) or property through Gurveen Bindra.

I agree that such information will be held in strict confidence, and all matters concerning the aforementioned property will be handled exclusively through Gurveen Bindra. I will not approach or attempt to engage with the owners or employees directly or indirectly.

I agree not to disclose any of the information provided in connection with this, either directly or indirectly, to third parties, except to those offering direct support. I will not use, or assist others in using, any such information for competitive purposes or to circumvent Royal LePage Commercial in any transaction or communication with the Seller(s). I also agree not to make copies of any materials provided and will return all such materials if I decide not to pursue the business opportunity further. The material and information provided are believed to be reliable for the purpose of evaluating the business.

Furthermore, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be conducted through Gurveen Bindra. I agree to maintain the confidentiality of the information I receive permanently, even if I decide not to proceed with the purchase of the business or property.

I acknowledge that any breach of this Confidential Agreement (the “Agreement”), whether direct or indirect, will be detrimental to the Seller(s) and Gurveen Bindra. In consideration for the information provided, I agree that the laws of Alberta will govern this Agreement and that any legal actions arising from this Agreement will be pursued in Alberta.

Accepted and agreed this:

December 22, 2024