FRANCHISE HOTEL IN CALGARY
Three stories 68 guest room originally constructed in 1980 with significant renovation in 2012 totaling $2.1m and additional $700,000 for exterior renovations in 2015. The physical characteristics of the hotel are in very good due to the recent whole renovations to the interior and exterior.
Well located in the NW district , which provides good access to major commuter arterials , and access west to tourist destination to Banff etc.
Year Occupancy Rate (%) Revenue ($)
2014 : 51.74 $1,495,723
2015 45.22 $1,334,126
2016 54.98 $1,401,201