101 Grove Pl - Hospitality FOR SALE


Drumheller, AB T0J 0Y0
$3,590,000 CAD
604-790-1035
101 Grove Pl, Drumheller, AB for Sale
$3,590,000 CAD
Hospitality - FOR SALE
1/9
null | 8.57% Cap Rate

101 Grove Pl
Drumheller, AB T0J 0Y0


OVERVIEW

Where is Drumheller? Drumheller is a unique and world-famous tourist destination located in the heart of Alberta’s Badlands, just 90 minutes northeast of Calgary. It attracts hundreds of thousands of visitors each year with its stunning landscapes, rich fossil history, and the world-renowned Royal Tyrrell Museum — Canada’s leading dinosaur museum. This vibrant town offers strong tourism-driven business potential and year-round activity, making it an ideal location for a hospitality investment. Beyond Tourism: What Drives Drumheller’s Economy? While Drumheller is best known for its tourism industry, the local economy is also supported by other key sectors including agriculture, oil and gas, and transportation. The region benefits from its location within Alberta’s energy corridor and its surrounding farmland, which contribute to stable year-round economic activity. These diverse industries provide consistent demand for accommodation, making motels in the area attractive investment opportunities. ABOUT the Travelodge by Wyndham Drumheller 1. Prime Tourist Location Located in the heart of Drumheller, one of Alberta’s top tourist destinations, just 90 minutes from Calgary. Home to the world-famous Royal Tyrrell Museum and the World’s Largest Dinosaur, the town attracts over 530,000 visitors annually. ? Consistent demand from both seasonal tourists and year-round travelers. 2. Strong Sale This property boasts a solid income stream. ? Attractive return for investors seeking cash flow. 3. Recently Renovated (2022) Fully renovated during the COVID-19 pandemic. The property is in turnkey condition, minimizing the need for further capital improvements. ? Move-in ready for immediate operation. 4. Ideal for Investors or Owner-Operators The size, performance, and location make this an excellent opportunity for either hands-off investors or owner-operators looking for a manageable and profitable hospitality asset. ? Flexible ownership potential in a thriving market. Courtesy of MaxWell Realty

FOR SALE DETAILS

PRICE

$3,590,000 CAD

PRICE/SF

$195 CAD /SF

# OF ROOMS

49

PRICE/ROOM

$73,265 {currency}

CAP RATE

8.57%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge by Wyndham Drumheller

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

92

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

C-B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jay ChoiSutton Group - 1st West RealtyMore Info
604-790-1035

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Jay ChoiSutton Group - 1st West RealtyMore Info
604-790-1035

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.