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What to Consider When Buying a Hotel
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- A2290919
- Build. Type:
- Commercial Mix
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Prime income-generating property offered at $4.3 M, featuring 32 GUEST ROOMS, 21 VLTs, a FULL-SERVICE BAR, LIQUOR STORE, and TWO LEASED RESTAURANT spaces. This well-established operation delivers approximately $2M in ANNUAL REVENUE, with multiple diversified income streams.
Recent upgrades include approximately $2 MILLION IN RENOVATIONS (2020), with significant improvements to guest rooms including NEW WASHROOM AND SEPARATE HAVC SYSTEMS, enhancing operational efficiency and guest experience. Situated on 0.6 acres, the building spans 25,392 sq. ft., including a 11,377 sq. ft. main floor and 6,587 sq. ft. basement, allowing for efficient operations and future potential.
Owned and successfully operated by the same owner for over 20 years, this is a rare, stable, and profitable investment with proven performance.
An ideal opportunity for investors seeking a high-cash-flow asset with diversified revenue streams and strong upside potential.
- Property Type:
- Commercial
- Property Sub Type:
- Hotel/Motel
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Building Type:
- Commercial Mix, Free-Standing, Low Rise (2-4 stories)
- Business Type:
- Bar/Tavern/Lounge, Hotel/Motel, Liquor Store, Restaurant
- Total Building Area:
- 18,805 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1958 (Age: 68)
- Bathrooms:
- - (Full:-, Half:-)
- Structure Type:
- Hotel/Motel
- Ensuite:
- No
- Garage:
- No
- N/A
- None Known
- Num. of Parcels:
- 0
- Region:
- Lacombe County
- Zoning:
- Commercial
- Listed Date:
- Mar 31, 2026
- Days on Mkt:
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Photo 1 of 1
Listed by CIR Realty
Data was last updated July 31, 2026 at 04:05 PM (UTC)
- Rob Campbell
- CIR REALTY
- (403) 542-7253
- Contact by Email
Spectacular living in this one-of-a-kind expansive, custom designed penthouse condo, perched overlooking Mahogany Lake with breathtaking panoramic views as far as Downtown Calgary. There are only 2 suites on the top floor of this building in the sought-after Westman Village - Reflections. The luxury entry preludes the open concept floor plan, a spacious living room sits adjacent to kitchen with the dining room beyond. A wall of glass trims the living room and dining room, allowing for loads of natural light and patio doors flow out onto the huge north-facing deck ideal for entertaining or relaxing. The gourmet kitchen showcases Wolf and Sub-zero appliances, a massive island with eating bar, sleek upgraded two-tone cabinetry and quartz countertops. The Master Suite overlooks the lake and offers private access onto the deck along with a 5 piece ensuite with dual sinks, large soaker tub, separate shower and walk-in closet. The Den has access to a second sun-bathed south-facing deck and has shared access with the second bedroom, includes a walk-in closet and its own three-piece ensuite.
#130, 703 64 Ave. SE
Calgary, Alberta T2H 2C3
Cell: (403) 542-7253
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