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#Business ID: 20858

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Flagged Hotel in Calgary For Sale

Business Location: Alberta, Canada

Asking Price: CA$ 24,000,000 Revenue: CA$ 5,397,825 Cash Flow: CA$ 1,421,928

[Furniture / Fixtures included]
[Real Estate Included]

Business Summary

This hotel was constructed in 2015 and opened in October of that year. The construction is of steel and cement which is 5 stories high. The building consists of 88,158 sq.ft. or 8,191 sq. meters. The first floor is 1,887 sq. meters and the other 4 floors are 1,576 sq. meters. This hotel has a dinning room and bar which provided meals for breakfast and dinner. They also have a meeting rooms and cater lunches and weddings in these areas. They also have a fitness and pool area as well.
They provide parking for guests who are flying to meeting and going on holidays. There is service to and from the airport which is complimentary. This is well regarded hotel that caters to a number of airlines staff as well.

Please contact us for more details.

Property Details

Size:

building is constructed of steel and cement and consists of 5 floors 88,168 sq.ft

Years Established:

2015

Property Type:

Real

FF&E:

CA$ 2,000,000

Inventory Value:

CA$ 50,000

Real Estate Value:

CA$ 20,500,000

Other Business Details

Business Location:

this is located in the area of the Calgary airport and service client from the airlines and industrial area which surrounds the property

Premise Details:

The building is 88,168 sq. ft. or 8,191 sq. meters. The ground floor covers 1,887 sq. meters and four other floors are 1,576 sq. meters each.

Competition:

There are number of hotels in the same area. a list will be provided in the package once a interested parties have signed a confidentiality form.

Expansion Potential:

There is likely room to expand the services to the various industrial businesses in the area and of course the airline services by excellent service.

Website:

Please login to view business sellers website

Business Operation Details

Employees:

39 full time staff with 23 part-time. full time staff receive health benefits cost share 50/50

Trading Hours:

open 24 hours a day 365 days a year.

Support & Training:

the owner would provide a training period which would be reasonable and the Flagged company will also provide some training.

Miscellaneous Details

Reason For Selling:

the owner is in the Oil industry and wishes to retire.

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