Rare opportunity to become an owner operator of your own established motel/hotel in the heart of Drumheller-the Dinosaur capital of Alberta! This is your chance to own an "Econolodge Inn and Suites", a name synonymous with reliability and value. There are 54 suites offering a variety of sleeping arrangements, and, onsite living quarters for the owner/manager! This is a low overhead business offering a bustling very busy summer season. Located downtown, there is ample parking on the property and the motel offers breakfast dining. For the ultimate in convenience, there is a Shoppers Drug Mart right across the street. Drumheller is famous for its Dinosaurs and is only 110km from Calgary. Also, it is home to the 2nd largest natural gas field in Alberta. Tourism plays the largest part in attracting visitors including the "worlds largest dinosaur", "Canadian Badlands Passion Play" at the amphitheatre, and of course, the "Royal Museum of Paleontology. The museum itself attracts half a million visitors every year! Add the spectacular Hoodos and you can see why Drumheller is a top Alberta destination! The hotel achieves an attractive cap rate and provides a relaxed, yet profitable lifestyle. If you're looking to run a profitable business while enjoying a small town feel, this might be the business you've been looking for!
Essential information
MLS® number
A2295532
Status
Active
Price
$2,799,000
Property type
Commercial
Type
Hotel/Motel
Transaction
For Sale
Restrictions
None Known
Building area
19,355 sq ft
Lot size
23,523 sq ft
Year built
1984
Structure
Hotel/Motel
Listing brokerage
RE/MAX House of Real Estate
Source
Pillar 9™ MLS® System
Interior
Included
SEE REMARKS
Exterior and construction
Zoning
DT
Community
Subdivision
DHDT
City
Drumheller
Province
AB
Postal code
T0J0Y0
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.
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50 photos$2,699,9902250, 1800 194 Avenue SE, Calgary
