SELLER FINANCING / LEASE TO OWN available.
Investment Summary:
Castle Motel Edson is a 16-key motel located on Highway 16, enroute to Jasper, offering excellent visibility and curb appeal. 8 of the 16 rooms are full kitchen suites with cooking range/oven, large fridge, microwave, etc. 14 rooms with PTACs and 2 with AC units. This is a top 5 rated hotel/motel in Edson from among 16 hotels & motels in Edson AB. Popular motel with a 4.2 rating on Google and an 8.8 & 9 on Expedia (a unique asset with 2 listings on Expedia) is situated kitty corner to Walmart, near many eateries, and directly across from the much anticipated Mikes restaurant franchise.
Key Highlights:
• 16 guest suites: standard rooms & kitchenettes
• Strong repeat clientele
• Adjusted NOI $95,000. Owner operated will produce in excess of $140,000
• 3 Bed Room Manager's unit with a nice backyard and usable patio
• Space to add additional 17th unit at $10,000 only
• Additional revenue possibilities could include adding food / take out options
• Currently operated remotely by the owner
Outlook:
There are 2 major projects, the $86M Edson Leisure Centre that has just begun, and the $2.8B ATCO Yellowhead Pipeline ready for an early 2026 start. These will provide future demand that will support increased occupancy. With minimal staff and high margins, Castle Motel is an easy-to-run, high-yield investment. Had this been an owner operated business, the yield is $140,000+ for the year.
Specifics:
This is a strong cash-flowing business that will continue to grow in the future. Majority of the guests are longer staying guests. This business in its current model requires 6-8 hours of work per day. The current owner will provide all the necessary training for the new team to be successful. Castle is for sale on an ‘as is’ basis and priced to sell at $950,000. The owner is selling only to move on to a larger property opportunity. Kindly note that employees are not to be approached regarding the sale. Proof of funds required. Serious inquiries only.