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Details

Jan 2, 2019Location
Calgary, Alberta

Description
Three stories 68 guest rooms originally constructed in 1980 with significant renovation in 2012 totaling $2.1M and an additional $700,000 for exterior renovations in 2015.

Very well located, providing great access to major commuter highways.

Financial Information

Year Occupancy Rate (%) Revenue ($)

2014 : 51.74 $1,495,723

2015 45.22 $1,334,126

2016 54.98 $1,401,201

2017 $1,446,876

2018 $1,466,779

NOI (2018) : $523,614

2019 Projection $1,546,304
2019 will exceed 2018 because three hotels were closed due to Road construction in surrounding area.

Minimum Equity Required
$3,100,000

Price
$7,700,000

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