71 E Gasoline Alley - Hospitality FOR SALE


Red Deer, AB T4E 1B1
$3,990,000 CAD
306-500-1699
71 E Gasoline Alley, Red Deer, AB for Sale
$3,990,000 CAD
Hospitality - FOR SALE
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71 E Gasoline Alley
Red Deer, AB T4E 1B1


OVERVIEW

Property Overview: Seize the opportunity to own this exceptional 76-room Howard Johnson hotel, strategically located on E Gasoline Alley in Red Deer. This investment offers a highly attractive price per door of approximately $52,500. The property is well-maintained and offers a range of amenities designed to enhance guest experiences and boost profitability. Property Features: 76 Spacious Rooms: Modern and well-appointed, each designed with guest comfort in mind. Prime Location: Situated on E Gasoline Alley, providing excellent visibility and easy access to major highways and the bustling commercial district.. Area Highlights: Proximity to Attractions: Located near key Red Deer attractions including Westerner Park, Alberta Sports Hall of Fame, and various shopping centers. Commercial Hub: Gasoline Alley is a vibrant commercial district with numerous retail outlets, dining options, and entertainment venues. Growing Population: Red Deer is one of Alberta’s fastest-growing cities, offering a steady flow of tourists and business travelers year-round. Economic Stability: The area benefits from a diverse economy with strong sectors in oil and gas, agriculture, and healthcare, ensuring sustained demand for hospitality services.

FOR SALE DETAILS

PRICE

$3,990,000 CAD

PRICE/SF

$119 CAD /SF

# OF ROOMS

76

PRICE/ROOM

$52,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Howard Johnson by Wyndham Red Deer

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

C4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gurveen BindraRoyal LePage MagnaMore Info
306-500-1699

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Gurveen BindraRoyal LePage MagnaMore Info
306-500-1699

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