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Hospitality

Canada Grey Motor Inn Hanna

Hanna, AB, CAN
Updated 176 days ago
Established 1977

This 81-room Motor Inn with 5 revenue streams is essentially recession-proof. It is located in a strong regional center in Alberta with a hospital, provincial government offices, Kindergarten to Grade 12 school, and senior facilities. There are large, thriving dealerships such as Chrysler, GMC/Chev, and Ram, along with farm implements and equipment Cervus for John Deere. Developments include Two new large Wind Turbine sites are being built by TransAlta and BluEarth, which will supplement the Sheerness natural gas-fired electricity production plant. These, in addition to all other activity, including a new fertilizer plant and renewed oil and gas activity, have raised occupancy substantially as well as increased sales in the full-service restaurant, VLT (slot machine) lounge, pub and liquor store. Occupancy is rising and solidifying as more of the renewable energy are constructed over the next few years. Overall, Alberta is going to be booming. Our provincial GDP grew 2.5% and is projected for 2.8% this year, 2025. NOTE: My Executive Assistant is Mariah and she may initially respond to your inquiry.

Location

The Canada Grey in Hanna is essentially at the intersection of Highway 9, a major route to Saskatoon SK and the heavy equipment highway #36 which services the oil sands at Fort McMurray, Alberta

Employees

30-35

Real Estate

Real Property Included

Trading Hours

Various between hotel check-in (24 hours) to conventional hours for the restaurant, liquor store, pub and VLT lounge.

Support & Training

The owner will provide support and training for the new owners.

Expansion Potential

The site is approximately 3.9 acres in size. Expansion, RV parking or other possibilities exist.

Competition / Market

There are only two other accommodation properties in Hanna, an older style motel and one Canalta. Neither of those properties have the amenities that the Canada Grey has.

Living Accommodation

The owner has developed two rooms into an attractive suite for himself and his wife.

Reason for Selling

Retirement

Financials

Asking Price
$3.7M
RevenueMost Recent Year
$3M
Earnings (SDE)Last Reported
$3.1M
Assets ValueIncluded in Asking Price
$400K
Seller Financing
Subject to Negotiation

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