101 Grove Pl, Drumheller, Ab , Drumheller

TRAVELODGE DRUMHELLER, AB. 49 ROOM FRANCHISE HOTEL FOR SALE. Land size 1acre approx. 2 storey heights.  Built in 1979.  Renovation cost $500k approx 2020-2022 bathroom, tiles, roof and more.  No PIP currently. Fee simple. Current owner since 2015, and is not involved in the business. Operated by a manager, non-unionized, # of employees 8-15. License Agreement with Travelodge, remain 11 years approx. 2024 SALE $1,081k. CAP Rate 8.1% on $3.8m. QUALIFIED BUYER ONLY, NDA REQUIRED.