Flagged Hotel in a City in Alberta

This is a Flagged hotel that was constructed in 2009. The current owner purchased this location in 2012. They have maintained the premises in excellent condition since that time. They provide a Free Breakfast to all customers and will provide lunches for the meeting rooms in use.The breakfast caters to most eating habits of their customer base. The hotel has won a number of awards for the quality of service.
They have their own linen cleaning and maintain a large inventory of linen on the premises.
They have developed a solid corporate base over they years and cater to their needs with room rates and service.
This hotel is located in a City of some 68,000 people which has been growing steady.

The sales of this location in 2019 were $1,997,785.00 which provided a cash flow of $ 500,905.00 which included a management fee of $ 55,000.00. The staffing is a total of 16 people which some are part time depending on the demand for the rooms. They have a system in place to be able to check the other Hotels room rates on a daily and seem times twice daily bases. They offer a special rate for groups like hockey teams which is a % of the daily room rate. This can change depending on the time of year.

There are a number of Hotels in the area but most are smaller but nearly all offer the same Free Breakfast with the rooms.
This city has a number of larger business so there is a good market for the meeting rooms and corporate Clients that use the facility. The corporate clients of course have a different room rate compared to the average customer.
This would be an a great time to get into this type of Hotel as the economy in Alberta will start to gain some strength in the coming months.