This 2 stories 49 rooms limited services franchise hotel occupies a location with access and exposure to Highway #9. The subject benefits from the synergies created along this highway commercial node. Drumheller’s economy is based on agriculture and tourism with the oil and gas industry. Located on the CN main line linking Calgary and Saskatoon, it is a service center for the surrounding agricultural area engaged in grain production, specialty crop that, hay production, and ranching. There are several tourist attraction places such as the Drumheller Valley, the Tyrell Museum of Palaeontology which is the largest museum archaeological display in the world, has always held a degree of appeal for tourists. It is estimated that the number of visitors to the area has tripled to approximately 500,000 per annum. Revenue) 2024: $1.079,406, 2023:$1,061,049, NOI) 2024 : $355,298, 2023: $376,772
Address
101 Grove Place
List Price
$3,590,000
Property Type
Commercial
Type of Dwelling
Hotel/Motel
Area
Drumheller
Sub-Area
Downtown Drumheller
Lot Size
47480 Sq. Ft.
Year Built
1979
MLS® Number
A2217986
Listing Brokerage
MaxWell Canyon Creek
Postal Code
T0J0Y0
Zoning
HWY-C – Highway Commerci