$125,000 to $150,000. in recent/ongoing renovations with no price increase! Now it's an even better value! The Central Suite Hotel is located in the heart of downtown Lloydminster (The Heavy Oil Capital of Canada) lies the Central Suite Hotel! This 32 room hotel has had extensive renovations over the years and is undergoing even more upgrades. 25 of the rooms have kitchenettes. The owners have taken pride in the maintenance and upgrades of this building and you will be impressed. Includes Lounge with complete food service, liqour vendor, vlt's, atm, exercise room, a separate restaurant (currently leased) and even a separate tanning business. This is a very profitable business and one you should take a close look at! A complete info package is available.
Essential information
MLS® number
A2300700
Status
Active
Price
$3,500,000
Property type
Commercial
Type
Hotel/Motel
Transaction
For Sale
Restrictions
None Known
Building area
25,400 sq ft
Year built
1948
Structure
Low Rise (2-4 stories)
Listing brokerage
Century 21 Drive
Source
Pillar 9™ MLS® System
Interior
Included
Included in info package
Exterior and construction
Zoning
C1
Community
Subdivision
LLMWCOMM
City
Lloydminster
Province
AB
Postal code
T9V 0W5
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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50 photos$2,699,9902250, 1800 194 Avenue SE, Calgary
