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West View Motel 519 2 Av 45 Room Hotel Hanna, AB T0J 1P0 $2,080,000 CAD ($46,222 CAD/Room) 16.79% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Strong Cap rate 16.79%
  • Turnkey base investment
  • Upgraded and renovated 2014-2025

EXECUTIVE SUMMARY

Located in Hanna, Alberta—a regional hub for energy, agriculture, and essential services—the WEST VIEW MOTEL offers investors a rare turnkey hospitality opportunity. Hanna benefits from stable economic drivers including oil & gas, power generation (natural gas turbine station, wind energy projects, and proposed solar farms), and large-scale farming operations, which together bring a consistent flow of long-term workers and travelers to the area. The town also serves as a service centre for surrounding rural communities, featuring schools, a hospital, and essential retail, supporting a steady local population of approximately 2,500 with a broader regional draw.
The WEST VIEW MOTEL is well-positioned within this market, where only three motels compete, including one at the high end (Canalta at $200/night), leaving West View ideally placed to capture mid-market and extended-stay demand. The property sits on 1.7 acres with 44 guest rooms, a two-bedroom manager’s suite, nearly 18,000 sq.ft. of improvements, and additional land for parking or future evelopment. Significant upgrades have been completed, including a new sloped metal roof, full exterior and interior painting, hardwood flooring, new furniture, modern PTAC units, and in-room amenities, ensuring minimal capital requirements for incoming ownership. With a strong operating history, upgraded facilities, and a resilient market supported by industry and infrastructure, WEST VIEW MOTEL represents a compelling investment with immediate income and long-term growth potential. Attached NDA required for more information. Please contact JAY CHOI at 1-604-790-1035 or choijaedong@gmail.com

PROPERTY FACTS

Price $2,080,000 CAD
Price Per Room $46,222 CAD
Sale Type Investment
Cap Rate 16.79%
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype Hotel
Lot Size 1.17 AC
Building Size 17,985 SF
No. Rooms 45
No. Stories 2
Year Built/Renovated 1978/2025
Zoning CT - Highway Commercial

ABOUT 519 2 AV , HANNA, AB T0J 1P0

- 44 guest rooms - 2 bedroom manager’s suite with full bath - Total building area: 17,985 sq.ft. on 1.7 acres of land - Significant capital upgrades: • New sloped metal roof (2014, $150,000) • Full exterior repaint (2020, $20,000) • Ongoing interior repainting every 2 years (most recent 2025) • Hardwood flooring in main floor rooms and hallways • All new queen bed sets (72), desks, and toilets • Flat LED TVs (32–42”) in all rooms • Select rooms with new PTAC units (heating & cooling) • Microwaves and 3.2 cu.ft. fridges in every room - Fiber Optic Wi-Fi (Telus) - Former restaurant, bar & lounge (approx. 46’ x 46’, licensed for 100 seats), fully renovated in 2015 with equipment intact, closed in 2017 but ready to reopen - Two-car garage, one carport, and two 40ft containers for storage or alternative use

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 1 - -
Guest Room 44 - -
  • Listing ID: 38062204

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 519 2 Av, Hanna, AB T0J 1P0

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