For Sale · Hospitality

Gibbons

Gibbons, AB T0A1N0

$950,000 total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

86%

Lot Size

0.448 ac

About this property

Own a piece of Alberta history and an established hospitality business in the growing community of Gibbons, just minutes northeast of Edmonton.The Gibbons Hotel & Tavern offers a unique opportunity for an owner-operator, investor, or hospitality group seeking a well-known local destination with multiple revenue streams.Property HighlightsEstablished hotel and tavern operationApproximately 12 guest roomsPopular licensed tavern with loyal local clienteleRestaurant and lounge facilitiesHigh-visibility location on the communitys main corridorAmple on-site parkingOpportunity to increase revenues through operational improvements and expanded marketingLocated in a growing region supported by agriculture, energy, construction, and industrial activityInvestment PotentialThis is an excellent opportunity to acquire a turnkey hospitality business with significant upside. The propertys diverse revenue sources provide multiple avenues for growth, including accommodation, food and beverage sales, special events, catering, and long-term room rentals.Whether you are looking to expand an existing hospitality portfolio or operate your own hotel and tavern business, this property offers exceptional value and future potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$49K

Annual cash flow

$-4K

Cash-on-cash

-1.38%

DSCR

0.93

Going-in cap

5.13%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

63,421

Households

26,274

Median income

$135,000

Median age

38.5

Daytime population

72,055

5-yr growth

4.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for Gibbons.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.