Strategically located directly on Highway 1 at the entrance of the city, this impeccably maintained 66-room full-service franchise hotel (including 13 kitchenette suites) offers a rare blend of steady hospitality income and massive upside potential. The property features an indoor pool and hot tub, a 3,600 sqft restaurant providing steady rental income, and a 7,000 sqft banquet space with stunning views. A major value-add opportunity exists in the 8,500 sqft main floor space, formerly a popular nightclub, which has a high potential for reopening to meet high local demand. Ideally timed for the 2026 approval of the $131.5 million Saamis Solar Project in Medicine Hat area, this hotel is perfectly positioned to house the influx of specialized workers and corporate travellers arriving for one of Canada’s largest urban solar developments. (id:55577)
Property Features
- MLS® Number A2283807
- Price $7,250,000
- Square Footage: 57241 sqft
- Plan 832lk
Buildings
| Constructed Date | 1973 | Size Exterior | 57241 Sqft |
| Size Interior | 57241 Sqft | Total Finished Area | 57241 Sqft |
Land
| Acreage | Yes | Size Irregular | 2.32 |
| Size Total | 2.32 Ac|2 - 4.99 Acres | Size Total Text | 2.32 Ac|2 - 4.99 Acres |
| Zoning Description | Highway Commercial District |
Agents and Offices
- Rocky Ki Yung Park
- Office: Cir Realty