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Nordegg Hotel Equity Partner required

Nordegg Hotel Equity Partner required image 1

The Affordable Business Partner. Business Selling in Alberta and Saskatchewan made easy. Business Partners are required to develop a 0.6 hectare fully serviced site available for the development of a motel or hotel in Nordegg Alberta. Hotel lot is adjacent to a golf course, a newly built Shell-branded service station, and general store. Hotel footprint · A hotel with a max 16,000 sq. ft. foot print · Max 3 floors · Should have a water slide · Minimal restaurant facilities to start · Budget based on 36,000 sq. ft. and $230/ Sq. ft. construction costs= $8,300,000 · Furnishings and equipment- $1,000,000 · Prefer branded major hotel chain · Owner to provide the land and up to $500,000 in cash Owners are builders · Owners would prefer to partner with a single individual or entity With existing accommodations in Nordegg being very limited, and with the increased growth of visitors to the area the need for a new hotel or motel is now warranted. Investment level of 10,000,000 Financing can be arranged with a 40% down payment. Visit The Affordable Business Partner.com Businesses...Franchises...Education...Free Consultation

Ad #
32958727
Posted
February 13, 2019
Expiry
May 14, 2019
Status
EXPIRED
Details
New, Commercial Seller
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