101 Grove Place, Drumheller

Motel/Hotel Property for Sale

101 Grove Place, Drumheller, MLS® # A2108993
  • MLS®#: A2108993
  • Price: $3,590,000
  • Status: Active
  • Year Built: 1979
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Login or Create an Account to Access Days On Market Financial Information Legal Description Lot Zoning

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 : 2023:$1,061,049, 2022 :$775,319 , NOI : 2023: $376,772

Contact Ryan & Dennis Shandruk About MLS® A2108993

Required Field

Ryan & Dennis Shandruk, 403-830-3690 at RE/MAX REALTY PROFESSIONALS, #10, 6020 - 1A STREET S.W., Calgary, Alberta, T2H 0G3

property information

  • Property Type: Motel/Hotel Property
  • MLS®#: A2108993
  • Year Built: 1979
  • Lot Size: 1.09 sq.ft.
  • Restrictions: Utility Right Of Way
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Community Information

  • Address: 101 Grove Place
  • Neighbourhood: Downtown Drumheller
  • City: Drumheller
  • Postal Code: T0J 0Y0
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interior

  • Included: Will provide upon request
  • Fireplace Details: For Sale
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$3,590,000

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Listing Courtesy of
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Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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