Grand Marshal Inn 9820 100 Ave 24 Room Hotel Hythe, AB T0H 2C0 £849,366 (£35,390/Room) 12.47% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Significant amount of commercial and tourist traffic
- Full exposure and accessto Highway 43
- High capitalization rate
EXECUTIVE SUMMARY
For sale at $1,540,000 Canadian Dollars. 24 modern and newly renovated rooms. Full service hotel with restaurant and lounge. Concrete block and wood frame construction. Other amenities include a meeting room and a games room. Full exposure and access to Highway 43. Vendor financing available.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£105,886
|
£4.95
|
PROPERTY FACTS
| Price | £849,366 |
| Price Per Room | £35,390 |
| Sale Type | Investment |
| Net Initial Yield | 12.47% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.90 AC |
| Building Size | 21,400 SF |
| No. Rooms | 24 |
| Number of Floors | 2 |
| Year Built/Renovated | 1970/2016 |
| Corridor | Interior |
AMENITIES
- Restaurant
- Meeting Event Space
ABOUT 9820 100 AVE , HYTHE, AB T0H 2C0
Grand Marshall Inn located at 9820 100 Ave Hythe is a 24 room hotel. Located along highway 43, the primary connection between most locations in Canada to Northeast BC, Yukon, and Alaska. Originally constructed in the 1970s, the property was extensively renovated in 2016 and features a concrete block and wood frame construction.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 24 | £27.03 | - |
1 of 1
ZONING
| Zoning Code | C-2 (Highway Commercial) |
