Flagged Hotel in the city of Calgary

Alberta

Business/Company Information

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Business Description

This Hotel was constructed and opened for business in 2015. It has gained a reputation for quality service, with a number of different rooms configured to meet clients needs. They have an excellent food service which makes it very attractive for rental of meeting rooms plus the Breakfast and Dinner menu provides a quality of service second to none. This hotel in the short period of time has increased sale on a steady bases in a very competitive market. In addition the economy in the Province of Alberta has not been strong over the past 5 years. The owners when developing the business made the development of type of rooms such that they meet the requirements of most customers and fit to families.

The sales in the years have grown to $ 5,225,930.00 in the companies year end for 2019. The management of the hotel has been able to make this business profitable by controlling at the same time as providing quality and service. The food costs in running a full service Breakfast and Dinner service have been 38% of sales in these two areas. They have a full Bar as well. The meeting rooms have a high number of Corporations booking their services for the second and third time because of the quality.

There are a number of other hotels who offer similar services in the same area but do not appear to have the ability to offer the same quality of service. This operation provides free parking and shuttle service to and from the airport 24 hours a day. There are number of competitors that offer a Free Breakfast for their clients. However this operation offers a combination to Breakfast that meets the needs of their clients. The dinner menu is such plus the quality of food, that the customers are happy.

Business Details

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Financial Information

  • Asking Price:

    24,000,000.00

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