Hospitality in Drumheller available for sale
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Hospitality Property for Sale in Drumheller

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Drumheller Hospitality Property for Sale

More details for 101 Grove Pl, Drumheller, AB - Hospitality for Sale

Travelodge by Wyndham Drumheller - 101 Grove Pl

Drumheller, AB T0J 0Y0

  • Hospitality for Sale
  • $3,590,000 CAD
  • 18,367 SF

Drumheller Hospitality for Sale

Where is Drumheller? Drumheller is a unique and world-famous tourist destination located in the heart of Alberta’s Badlands, just 90 minutes northeast of Calgary. It attracts hundreds of thousands of visitors each year with its stunning landscapes, rich fossil history, and the world-renowned Royal Tyrrell Museum — Canada’s leading dinosaur museum. This vibrant town offers strong tourism-driven business potential and year-round activity, making it an ideal location for a hospitality investment. Beyond Tourism: What Drives Drumheller’s Economy? While Drumheller is best known for its tourism industry, the local economy is also supported by other key sectors including agriculture, oil and gas, and transportation. The region benefits from its location within Alberta’s energy corridor and its surrounding farmland, which contribute to stable year-round economic activity. These diverse industries provide consistent demand for accommodation, making motels in the area attractive investment opportunities. ABOUT the Travelodge by Wyndham Drumheller 1. Prime Tourist Location Located in the heart of Drumheller, one of Alberta’s top tourist destinations, just 90 minutes from Calgary. Home to the world-famous Royal Tyrrell Museum and the World’s Largest Dinosaur, the town attracts over 530,000 visitors annually. ? Consistent demand from both seasonal tourists and year-round travelers. 2. Strong Sale This property boasts a solid income stream. ? Attractive return for investors seeking cash flow. 3. Recently Renovated (2022) Fully renovated during the COVID-19 pandemic. The property is in turnkey condition, minimizing the need for further capital improvements. ? Move-in ready for immediate operation. 4. Ideal for Investors or Owner-Operators The size, performance, and location make this an excellent opportunity for either hands-off investors or owner-operators looking for a manageable and profitable hospitality asset. ? Flexible ownership potential in a thriving market. Courtesy of MaxWell Realty

Contact:

Sutton Group - 1st West Realty

Property Subtype:

Hotel

Date on Market:

2024-11-19
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LoopNet Canada Alberta Hospitality Properties For Sale in Drumheller, AB, Canada

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Hospitality Properties for Sale in Drumheller

View All Available Listings
How many hospitality properties are available for sale in Drumheller?
There are currently 1 hospitality properties available for sale in Drumheller, offering a unique opportunity for businesses to establish a presence.
How big are the hospitality properties available for sale in Drumheller?
The average size of hospitality properties available for sale in Drumheller is about 18,367 SF. The largest hospitality properties available to buy is 18,367 SF and the smallest is 18,367 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for hospitality properties in Drumheller?
The average market cap rate for hospitality properties for sale is about 8.57% based on data provided in Drumheller. Learn more about how cap rates are calculated.
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