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221 Centre Street, Tilley

$499,000

About this property

TILLEY HOTEL - Entrepreneurs here is your change to own a well established business earning multiple streams of revenue at a great price. MOTEL - consists of 7 rooms, 3 suites & an owners suite. All rooms are currently full with long term & short term tenants. TAVERN - occupancy 250 - 5 VLT's, 2 shuffles boards, 2 pool tables, banquet room & indoor - outdoor patio. LIQUOR STORE - has a great selection of wines, spirits, coolers & beer - it is the only liquor store in the area. Endless possibilities to generate income while living comfortably in the 2000 square foot Owners Suite - featuring 3 bedrooms, huge windows, triple sided fireplace, hardwood floors, laundry room & private balcony. The Hotel hosts private events, live performances, shuffle board tournaments & comedy shows! The kitchen has a great menu & caters to many functions in the community. Located 5 minutes off the #1 HIGHWAY - 15 minutes east of Brooks & 45 minutes west of Medicine Hat. Current Owners have maintained & grown the business for the past 25 years & would love to see a new family continue in their footsteps.

Essential information

MLS® number
A2157445
Status
Active
Price
$499,000
Property type
Commercial
Type
Hotel/Motel
Transaction
For Sale
Restrictions
None Known
Building area
12,500 sq ft
Year built
1912
Structure
Hotel/Motel
Listing brokerage
Century 21 Foothills Real Estate
Source
Pillar 9™ MLS® System

Interior

Heating
Boiler, Forced Air
Included
An inclusion list will provided upon request

Exterior and construction

Foundation
Poured Concrete
Zoning
C-1

Commercial

Business type
Hotel/Motel, Liquor Store

Community

City
Tilley
Province
AB
Postal code
T0J 3K0

Where it is

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Approximate location, plotted from the listing’s own coordinates.

Business valuation calculator

SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.

Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.

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The deal

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MLS® data last updated Nov 8, 2026, 12:50 a.m. (Mountain Time).

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