VERY PROFITABLE FRANHISE HOTEL IN SK
1. The subject property is a 101 room hotel complex and 6,126 Sqft freestanding
restaurant that were constructed in 2000 at 2.75 Acres land. The subject has an excellent destination/retail location.
Xxxxxxx, also known as the “Hub City” refers to its favourable central location in the province of Saskatchewan and the population is total of 284,000 including the bedroom communities . With steadily growing infrastructure, natural resources,
research and development, and a well‐educated workforce it has been Canada’s fastest growing city three years in a row according to Statistics Canada.
3. Economy background
Agriculture is not the only thing providing prosperity to the province. Xxxxxxx is an ideal central location for distribution and logistics and is associated with various grains, livestock, oil and gas, potash, uranium, gold, diamonds, coal and their spin off industries. Xxxxxxxxx’s location provides a gateway for these industries for several reasons. Employees are able to travel by air to northern mines, and goods can be transported to northern mines through a diverse road network. Xxxxxxxx is also a central location in Western Canada for access to west coast ocean ports serving international markets.
Tthe international head offices for the world’s largest publicly traded uranium company,
Cameco, and the world’s largest potash producer, Potash Corporation. Areva Resources Canada Inc,BHP Billiton, the world’s largest vertically integrated mining company.
Year Room Restaurant Lease, Other Total
2012 $ 4,221,247, $253,291 $27,091 $4,501,629
2013 $,4146,115 $212,920 $24,496 $4,383,521
2014 $4,144,510 $252,919 $22,750 $4,420,180
2015 $3,640,522 $265,342 $20,100 $3,925,964