112 12 Avenue SW, Slave Lake   ||   $9,500,000

DETAILS

MLS® NUMBER A2172972
BUILDING TYPE Hotel/Motel
PROPERTY CLASS Commercial
YEAR BUILT 2008
BASEMENT None
GARAGE No
Three story limit service 89 room wood frame hotel that used to be NOVA Hotel and converted as Big Lake Inn from 2012 . .
Slave Lake has the third largest population base of any Alberta municipality north of Edmonton. Its economy has been driven throughout the past three decades by the Oil& Gas and Forest industries.
In a continuing effort to diversify the economy, Slave Lake is encouraging increases in the tourism, manufacturing, and value-added sectors. In addition, Slave Lake is further evolving into an even greater regional service centre, with additional retail, education, health, financial, government, and transportation services. Enterprising men and women recognize the almost unlimited potential for growth and spin-off business in the primary industries of petroleum and forestry, along with burgeoning activity in tourism.
REVENUE(Yearend December 31 ) 2022 : $1,975,869, 2023 : $2,856,40, 2024 till September: $2,040,349
NET OPERATING INCOME 2022: $931,975, 2023: $1,641,247



Listing Brokerage: MaxWell Canyon Creek

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Listing data is deemed reliable but is not guaranteed accurate by CREB®. Last updated: today at 3:00 a.m.

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