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Rimstone Ridge Hotel
FOR SALE Rimstone Ridge Hotel 5501 - 50th Avenue, Rimbey Alberta INVESTMENT OPPORTUNITY Key Features TripAdvisor #1 Ranked Hotel in Alberta, January 2015 60 Guest Rooms 95 Seat Reastaurant Recreational Wing 150 Seat Conference Room Rimstone Ridge Hotel | Best Western Hotel Sale Price: $9,900,000 Area Amenities • Rimbey is located 89 miles southwest of Edmonton via Highway 2 and west along Highway 53. It is 34 miles northwest of Red Deer and 129 miles north of Calgary • Rimbey is a thriving community, located in the heart of the Cardium Oil and Gas Formation. The major economic contributors to the region are natural gas processing, petroleum and agriculture. Major businesses in the area include Nikirk Brothers Contracting (sand, gravel and concrete), Bonivesta, RS Lines, Keyera (oil & gas), the Rimbey Co-op Association and the new Agri Plex. Property Highlights • Excellent opportunity to purchase the newest hotel in Rimbey • Well respected Best Western Brand, largest single-branded hotel chain in Canada For more information, please contact: Cody Lowry Senior Associate 780.641.0836 [email protected] Lance Frazier Broker, Partner 780.421.1489 [email protected] • 3 Diamond rating by AAA/CAA • Large volume of repeat clientele • Opportunity to expand hotel by an additional 18 suites • Onsite parking available for large commercial trucks/trailers and RV’s 10104 - 103 Avenue, Suite 602 Edmonton, Alberta T5J 0H8 T +1 780 421 1488 F +1 780 424 0217 www.dtzedmonton.com FOR SALE Rimstone Ridge Hotel 5501 - 50th Avenue, Rimbey Alberta PROPERTY DETAILS • Opportunity to purchase a pristine Best Western three storey hotel with 60 guest rooms, 95 seat licensed lobby restaurant and a 120 - 150 seat conference room/banquet facility. Property amenities include guest laundry, computer room and recreational wing with water slide, swimming pool, hot tub and exercise room. • Municipal Address: 5501 - 50 Avenue, Rimbey AB • Legal Description: Lot 1 / Block 21 / Plan 0826554 • Building Areas: Main Floor 16,378 SF Second Floor 11,243 SF Third Floor 12,119 SF Total 39,082 SF • Zoning: C2 (Commercial Highway) • Year Built: September 2009 • Parking: 79 Standard Vehicles 12 Commercial Vehicles • Main Floor Impressive vaulted ceiling entrance, 95 seat licensed restaurant and 150 seat conference room, 12 guest rooms, in house laundry, Wi-Fi/internet room and a large recreation centre. Recreational room includes swimming pool, water slide, in-floor hot tub, adjacent birthday party room and a fitness centre. • Second Floor 23 guest rooms consists of 13, double queen bedrooms and ten king bedrooms. Three of the queen rooms are large executive suites with a private bedroom. • Third Floor 25 guest rooms including 17 queen rooms and 8 king rooms. 12 of these rooms are complemented with kitchenette facilities. Consistently the # 1 hotel in Rimbey and within the top 5 hotels in Alberta on TripAdvisor.com Business Generators • Rimbey is conveniently located between Red Deer and Edmonton being accessible to the shipping and transportation facilities • Rimoka Housing Foundation is building an 80 room $15.5 million affordable seniors complex just south of the Hotel • Located across the street from the Rimbey Hospital/Care Centre and the hockey/curing arena • Employees have a long-term history with the hotel and strive to exceed expectations Rimbey Gas Plant Expansion Estimated Project cost of $210 million currently under construction Lacombe Bio-Refinery Pending approvals to start the $31.8 million project AltaLink Management Limited $350 million project in the Red Deer region bring a reliable supply of electricity for years to come. Currently preparing for construction activities in the Ponoka, Didsbury, Sylvan Lake and Red Deer areas FOR SALE Rimstone Ridge Hotel HIGHWAY 20 5501 - 50 Avenue, Rimbey Alberta PETER L. COMMUNITY CENTRE RIMBEY HOSPITAL & CARE CENTRE HIGHWAY 53 FUTURE SENIORS HOME Financial Information The Rimstone Ridge Hotel has experienced full occupancy and excellent RevPar over the past several years. With the continued growth in the area, Rimestone Ridge offers excellent current and future returns. Offering Process DTZ Barnicke Edmonton Inc. has been retained as the Exclusive Agent for the Rimstone Ridge Hotel to market the Property. For more information, please contact: Cody Lowry Senior Associate 780.641.0836 [email protected] Lance Frazier Broker, Partner 780.421.1489 [email protected] 10104 - 103 Avenue, Suite 602 Edmonton, Alberta T5J 0H8 T +1 780 421 1488 F +1 780 424 0217 Mike Hoffert Associate 780.641.0712 [email protected] www.dtzedmonton.com DTZ Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. DTZ is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.
