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Travelodge Drumheller 101 Grove Pl

49 Room Hotel Drumheller, AB T0J 0Y0 $2,631,706 USD ($53,708 USD/Room) 8.10% Cap Rate

Hotels Alberta Drumheller 101 Grove Pl, Drumheller, AB T0J 0Y0

Executive Summary

TRAVELODGE DRUMHELLER, AB. 49 ROOM FRANCHISE HOTEL FOR SALE. Land size 1acre approx. 2 storey heights. Built in 1979. Renovation cost $500k approx 2020-2022 bathroom, tiles, roof and more. No PIP currently. Fee simple. Current owner since 2015, and is not involved in the business. Operated by a manager, non-unionized, # of employees 8-15. License Agreement with Travelodge, remain 11 years approx. 2024 SALE $1,081k. CAP Rate 8.1% on $3.8m. QUALIFIED BUYER ONLY, NDA REQUIRED.

Attachments

NDA - Travelodge Drumheller, AB (version 1)
Photo Brochure Flyer_111924

Property Facts

Price $2,631,706 USD Lot Size 1.09 AC
Price Per Room $53,708 USD Building Size 23,000 SF
Sale Type Investment No. Rooms 49
Cap Rate 8.10% No. Stories 2
Sale Conditions Business Value Included Year Built/Renovated 1979/2022
Property Type Hospitality Parking Ratio 2.51/1,000 SF
Property Subtype Hotel Corridor Exterior
Building Class C
Price $2,631,706 USD
Price Per Room $53,708 USD
Sale Type Investment
Cap Rate 8.10%
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.09 AC
Building Size 23,000 SF
No. Rooms 49
No. Stories 2
Year Built/Renovated 1979/2022
Parking Ratio 2.51/1,000 SF
Corridor Exterior

Amenities

  • Balcony
  • High Speed Internet Access
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 49 $99.73 USD -
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zoning

Zoning Code C-B
C-B
(825) 798-0421

Contact

  • Listing ID: 33927489

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 101 Grove Pl, Drumheller, AB T0J 0Y0

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Travelodge Drumheller | 101 Grove Pl
(825) 798-0421 x

Travelodge Drumheller | 101 Grove Pl

Jay Choi

(825) 798-0421

(825) 798-0421

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