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$ 999,000
Est. payment | /mo
57,609 SqFt
$ 999,000
Est. payment | /mo
57,609 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 57,609 sqft
Price per Sqft $17
MLS Listing ID A2342680
Year Built 1947
Property Sub-Type Hotel/Motel
Property Description
An exceptional opportunity to acquire a diversified hospitality business with multiple income streams and strong upside potential—without the investment typically required for a large hotel operation. Located in Manning,Northern Alberta,this property combines a 25-room motel and a 23-room hotel,along with owner/manager living quarters featuring 2 bedrooms,a kitchen and living room.
Multiple revenue sources include monthly room rentals,a liquor store,a licensed bar with 6 VLTs,and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly,providing stable recurring income,while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant.
An ideal opportunity for an owner-operator or investor seeking multiple sources of income,manageable operating costs,and significant potential to increase revenue through hands-on management and further development of the existing business.
Multiple revenue sources include monthly room rentals,a liquor store,a licensed bar with 6 VLTs,and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly,providing stable recurring income,while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant.
An ideal opportunity for an owner-operator or investor seeking multiple sources of income,manageable operating costs,and significant potential to increase revenue through hands-on management and further development of the existing business.
Location
Province AB
County 0511
Zoning C-1
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
Listed by First Place Realty
Nearby Locations
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706-50 Cornerstone Passage NE, Calgary, AB T3N 2G1, CAN