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Sylvan Lake Days Inn Hotel Restaurant And Bar For Sale

Sylvan Lake, Alberta, Canada
Asking Price:
$2,500,000 (CAD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Recently renovated 41 room Days Inn at the very popular Sylvan Lake (popn 17,000+).
Midway between Calgary and Edmonton and only 10 minutes from Red Deer Alberta.
The hotel is currently not operating and represents a terrific opportunity. Local former manager (not the GM) is very helpful and would be available if required by a new owner.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is a minimal "room" for a manager.

Location:

Sylvan Lake an extremely popular lake destination in Alberta. The town is very dynamic having grown from about 7000 population in the early 2000's. Given it's proximity to Red Deer (population 100,000+) it is closer to the major amenities and services (hospitals, major shopping) than most suburbs in Calgary and Edmonton. The Town has set up the beach area and central park beautifully.

Premises Details:

41 rooms were redone to Days Inn standards in the last 5 years. Very little needs to be done to get the property up and running. The restaurant and bar have proved very popular in the past. The rooms are fully equipped with TV's, microwaves, bar fridges and of course beds. Restaurant and Bar are fully equipped. Value is undetermined.

Size in square feet:
19,694

Business Operation

Competition / Market:

There are 6 other motels. In other words there is not a lot of competition. A good operator can do well.

Reasons for selling:

Receivership

Trading hours:

24 hours

Employees:
NA
Years established:
1979

Other Information

Related Documents:
Business closed / Asset sale:
Yes
Administration / receivership:
This business is in administration / receivership

Contact QUAD.5555 Inc. / Tim Anderson

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