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Econo Lodge Inn & Suites Medicine Hat 773 8 St SW

56 Room Hotel Medicine Hat, AB T1A 4M5 $2,349,289 USD ($41,952 USD/Room)

Investment Highlights

  • Located along Highway 1
  • Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary
  • Close proximity to restaurants, gas stations, hospitals and shopping centres

Executive Summary

Rare opportunity to acquire one of the choice hotels, Econo Lodge Inn & Suites. Price includes land, building, business and equipment. Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres. Amenities include swimming pool, sauna, dedicated barbeque area. Single (34), Double bed (7), Double bed Kitchenette (15). Pet friendly and with free breakfast. With ample onsite parking available. Motel, Liquor Store and Restaurant across the street are also available for sale.

Property Facts

Price $2,349,289 USD
Price Per Room $41,952 USD
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class B
Building Size 30,927 SF
No. Rooms 56
No. Stories 2
Year Built/Renovated 1964/2013
Parking Ratio 0.97/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

About 773 8 St SW , Medicine Hat, AB T1A 4M5

Rare opportunity to acquire one of the choice hotels, Econo Lodge Inn & Suites. Price includes land, building, business and equipment. Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres. Motel, Liquor Store and Restaurant across the street are also available for sale. Hotel is currently operating as one of the choice hotels, Econo Lodge Inn & Suites. With excellent accessibility to Highway 1. Amenities include swimming pool, sauna, dedicated barbeque area. Single (34), Double bed (7), Double bed Kitchenette (15). Pet friendly and with free breakfast. With ample onsite parking available.

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 7 $123.16 USD -
Guest Room 49 $80.45 USD -

zoning

Zoning Code C-H (Highway Commercial)
C-H (Highway Commercial)
  • Listing ID: 31953719

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 773 8 St SW, Medicine Hat, AB T1A 4M5

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