Francis Lee
(403) 278-8899

MAXWELL CANYON CREEK
403-278-8899

Whitecourt , Alberta  
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Hotel/Motel For Sale

$2,300,000
Whitecourt, Alberta

Listing ID: 9723
MLS ID: A1230832
This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , a restaurant, a lounge, (9 VLT) a meeting room, and other related hotel amenities. This includes a Main Building (28 rooms) and an Annex Building (34 rooms). The Main Building contains a one-storey component (common areas) and a two-storey component (hotel room component). The Annex Building is a one-storey structure. The Main Building was completed in 1979 and the Annex Building was completed in 1993. Similar to many Central Alberta communities, the economy of this town is based primarily on the forestry and oil and gas industries. Forestry is supported primarily by three companies. Tourism also plays a minor role in the local economy. This hotel has been operated by GM. Owner is operating another business in other province. Revenue detail( 2017:$2,222,388, 2018: $2, 009,381,2019 : $1,633,222, 2020 :$1,469,213 2021 : $1,120,491), Huge amount of the price reduction from $5,500,000!!

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