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Howard Johnson by Wyndham Red Deer 71 E Gasoline Alley

76 Room Hotel Red Deer, AB T4E 1B1 £2,226,311 (£29,294/Room)

Executive Summary

Property Overview: Seize the opportunity to own this exceptional 76-room Howard Johnson hotel, strategically located on E Gasoline Alley in Red Deer. This investment offers a highly attractive price per door of approximately $52,500. The property is well-maintained and offers a range of amenities designed to enhance guest experiences and boost profitability.
Property Features:
76 Spacious Rooms: Modern and well-appointed, each designed with guest comfort in mind.
Prime Location: Situated on E Gasoline Alley, providing excellent visibility and easy access to major highways and the bustling commercial district..
Area Highlights:
Proximity to Attractions: Located near key Red Deer attractions including Westerner Park, Alberta Sports Hall of Fame, and various shopping centers.
Commercial Hub: Gasoline Alley is a vibrant commercial district with numerous retail outlets, dining options, and entertainment venues.
Growing Population: Red Deer is one of Alberta’s fastest-growing cities, offering a steady flow of tourists and business travelers year-round.
Economic Stability: The area benefits from a diverse economy with strong sectors in oil and gas, agriculture, and healthcare, ensuring sustained demand for hospitality services.

Property Facts

Price £2,226,311
Price Per Room £29,294
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.88 AC
Building Size 38,742 SF
No. Rooms 76
Number of Floors 2
Year Built 1988
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 76 £56.36 -

zoning

Zoning Code C4 (Commercial Major Arterial District)
C4 (Commercial Major Arterial District)
  • Listing ID: 34214040

  • Date on Market: 16/12/2024

  • Last Updated:

  • Address: 71 E Gasoline Alley, Red Deer, AB T4E 1B1

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