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E X C E P T I O N A L 1 3 8 - R O O M H O T E L W I T H R E S T A U R A N T & L I Q U O R S T O R E
WALKING EAGLE INN R O C K Y
4 8 1 5 4 5 M O U N T A I N
S T R E E T H O U S E ,
T A R G E T - R E A L T Y . C O M
A L B E R T A
P R O P E R T Y
S U M M A R Y
Hotel Name:
Walking Eagle Inn
Address:
4815 45 Street, Rocky Mountain House, Alberta
Legal Description:
Plan 5214KS, Block 60, Lots 3 to 5
Property Type:
Full service hotel
Property Rights:
Fee simple estate as operating asset
Total Site Area:
4.23 acres (708 feet x 260 feet)
Land Use Classification:
HC (Highway Commercial District)
Year Built:
Main Building: 1962 (67 rooms) Old Annex Building: 1997 (35 rooms) New Annex Building: 2014 (36 full kitchenette rooms)
Total Rooms:
138 rooms
Common areas:
Restaurant, 3 meeting rooms, a liquor store, public laundry, exercise room, and hot tub room T A R G E T - R E A L T Y . C O M
S P E C I A L
T E R M S
F R O M
V E N D O R
3 year management
Seller willing to stay on as management for up to 3 years.
3 year stepped
Seller willing to guarantee the following returns for the first 3 years to new buyer:
guarantee Cap rates to buyer
Vendor Take Back
year 1: 5% year 2: 6% year 3: 7%
Seller would also look at providing a VTB loan. Rates and terms vary according to offer.
T A R G E T - R E A L T Y . C O M
S I T E
A N D
L A N D
U S E
C L A S S I F I C A T I O N
T A R G E T - R E A L T Y . C O M
A E R I A L
V I E W
O F
S U B J E C T
P R O P E R T Y
Old Annex Building Liquor Store
New Annex Building Main Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Full service 138-room hotel Hotel rooms are divided between: Main Building (67 rooms) New Annex Building (36 full kitchenette rooms) Old Annex Building (35 rooms) Hotel building structures are two-storey structures with no elevators
Public laundry room is located at the New Annex Building with: - 4 large and 2 small washers - 4 large and 2 small dryers Three meeting rooms in the Main Building with 500 square feet to 1300 square feet of available space Approximately 200 paved parking stalls with additional parking along 45th Street
Liquor store is located near the middle of the site and is a single-storey structure Restaurant located at the Main Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Main Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Old Annex Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
New Annex Building T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Old Annex Building, New Annex Building and Liquor Store
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
New Annex Building and Main Building T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Lobby & Restaurant entrance T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Liquor Store
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Restaurant
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
Main building has 67 rooms with: - 1-queen bed and 1-double bed - 1-queen bed and a sofa bed - several suites also available with upgraded features Old Annex Building has 35 rooms with: - 2-queen beds - several suites with upgraded features New Annex Building has 36 rooms with: - 34 kitchenettes with 2-queen beds - 2 handicapped accessible suites with kitchen and 1-queen bed
Most rooms are queen beds (either two or one with a sofabed) A number of suites contain king beds There are several suites in the Main Building and Old Annex Building that include upgraded features such as larger formats, separate bedrooms, additional beds, fireplaces, kitchenettes, Jacuzzi tubs, upgraded bathrooms, and additional televisions There is a suite in the Old Annex Building that is the size and quality of a good manager’s suite.
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
T A R G E T - R E A L T Y . C O M
L O C A T I O N
ROCKY MOUNTAIN HOUSE, ALBERTA Located in Western-Central Alberta in Clearwater County 85km west of Red Deer 229km northwest of Calgary 225km southwest of Edmonton Rocky Mountain House Airport (CYRM/YRM) provides for airplane access 2 hour drive (192km) from Edmonton International Airport (YEG) 2 hour drive (203km) from Calgary International Airport (YYC) 45 minute drive (83km) from Red Deer Airport (YQF) T A R G E T - R E A L T Y . C O M
T A R G E T - R E A L T Y . C O M
L O C A T I O N
ROCKY MOUNTAIN HOUSE, ALBERTA Subject property is located at junction of Highway 22 and Highway 11 Highway 22 runs north from Mayerthorpe and south to through Rocky Mountain House to Lunderbreck Highway 11 runs west from Banff National Park and east through Rocky Mountain House and Red Deer to Nevis Rocky Mountain House as main service centre for Clearwater County
T A R G E T - R E A L T Y . C O M
N E I G H B O U R H O O D Subject property situated within the southern half of the Town of Rocky Mountain House Close to central business district amenities Neighbouring businesses in close proximity to subject property include Remax, H & R Block, Modern World Draperies, Dairy Queen, Petro Canada, Esso, Shell, A & W, Fas Gas, McDonalds, Burger Baron, Goodyear, 7Eleven, Subway, Panago, Husky, ATB Financial, and Sobey’s. Nearby major developments: Rocky Mountain House Area sports facility and government office building
T A R G E T - R E A L T Y . C O M
T A R G E T - R E A L T Y . C O M
E C O N O M Y
Significant oil and gas exploration, coal mining, forestry reserves, and agriculture activity which provides for employment and commercial visitor economic activity Rocky Mountain House as main service centre for Clearwater County Service commercial uses include service stations, restaurants, and hotels Airport development plan (2016) currently underway to address development and expansion pressures
T A R G E T - R E A L T Y . C O M
T O U R I S M
Summer attractions: fishing hunting golfing camping hiking atv biking kayaking dirt biking
Winter attractions: cross country skiing dog sledding ice climbing snowmobiling
T A R G E T - R E A L T Y . C O M
C O N T A F O R F I N I N F O
C T B F U R T A N C I R M A T
E H A I
L O W E R L O N
Allen Liaw 604-773-5263 [email protected]
#3, 7725 – 46 Street SE Calgary AB T2C 2Y5 tel. 403-253-3060 fax 403-253-3221 [email protected] www.target-realty.com
T A R G E T - R E A L T Y . C O M
DISCLAIMER: Each page of this information package is intended for the information purposes only and contains information obtained from other sources believed to be correct but which does not form part of any present or future contract. Target Realty Corp. assumes no responsibility for the degree of accuracy of such information contained herein. Prices or rates quoted do not include the Goods and Services Tax. This property is subject to change and/or withdrawal from the market without notice.
T A R G E T - R E A L T Y . C O M
WALKING EAGLE INN R O C K Y
4 8 1 5 4 5 M O U N T A I N
S T R E E T H O U S E ,
T A R G E T - R E A L T Y . C O M
A L B E R T A
P R O P E R T Y
S U M M A R Y
Hotel Name:
Walking Eagle Inn
Address:
4815 45 Street, Rocky Mountain House, Alberta
Legal Description:
Plan 5214KS, Block 60, Lots 3 to 5
Property Type:
Full service hotel
Property Rights:
Fee simple estate as operating asset
Total Site Area:
4.23 acres (708 feet x 260 feet)
Land Use Classification:
HC (Highway Commercial District)
Year Built:
Main Building: 1962 (67 rooms) Old Annex Building: 1997 (35 rooms) New Annex Building: 2014 (36 full kitchenette rooms)
Total Rooms:
138 rooms
Common areas:
Restaurant, 3 meeting rooms, a liquor store, public laundry, exercise room, and hot tub room T A R G E T - R E A L T Y . C O M
S P E C I A L
T E R M S
F R O M
V E N D O R
3 year management
Seller willing to stay on as management for up to 3 years.
3 year stepped
Seller willing to guarantee the following returns for the first 3 years to new buyer:
guarantee Cap rates to buyer
Vendor Take Back
year 1: 5% year 2: 6% year 3: 7%
Seller would also look at providing a VTB loan. Rates and terms vary according to offer.
T A R G E T - R E A L T Y . C O M
S I T E
A N D
L A N D
U S E
C L A S S I F I C A T I O N
T A R G E T - R E A L T Y . C O M
A E R I A L
V I E W
O F
S U B J E C T
P R O P E R T Y
Old Annex Building Liquor Store
New Annex Building Main Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Full service 138-room hotel Hotel rooms are divided between: Main Building (67 rooms) New Annex Building (36 full kitchenette rooms) Old Annex Building (35 rooms) Hotel building structures are two-storey structures with no elevators
Public laundry room is located at the New Annex Building with: - 4 large and 2 small washers - 4 large and 2 small dryers Three meeting rooms in the Main Building with 500 square feet to 1300 square feet of available space Approximately 200 paved parking stalls with additional parking along 45th Street
Liquor store is located near the middle of the site and is a single-storey structure Restaurant located at the Main Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Main Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Old Annex Building
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
New Annex Building T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Old Annex Building, New Annex Building and Liquor Store
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
New Annex Building and Main Building T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Lobby & Restaurant entrance T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Liquor Store
T A R G E T - R E A L T Y . C O M
P R O P E R T Y
D E T A I L S
Restaurant
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
Main building has 67 rooms with: - 1-queen bed and 1-double bed - 1-queen bed and a sofa bed - several suites also available with upgraded features Old Annex Building has 35 rooms with: - 2-queen beds - several suites with upgraded features New Annex Building has 36 rooms with: - 34 kitchenettes with 2-queen beds - 2 handicapped accessible suites with kitchen and 1-queen bed
Most rooms are queen beds (either two or one with a sofabed) A number of suites contain king beds There are several suites in the Main Building and Old Annex Building that include upgraded features such as larger formats, separate bedrooms, additional beds, fireplaces, kitchenettes, Jacuzzi tubs, upgraded bathrooms, and additional televisions There is a suite in the Old Annex Building that is the size and quality of a good manager’s suite.
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
T A R G E T - R E A L T Y . C O M
H O T E L
R O O M
D E T A I L S
T A R G E T - R E A L T Y . C O M
L O C A T I O N
ROCKY MOUNTAIN HOUSE, ALBERTA Located in Western-Central Alberta in Clearwater County 85km west of Red Deer 229km northwest of Calgary 225km southwest of Edmonton Rocky Mountain House Airport (CYRM/YRM) provides for airplane access 2 hour drive (192km) from Edmonton International Airport (YEG) 2 hour drive (203km) from Calgary International Airport (YYC) 45 minute drive (83km) from Red Deer Airport (YQF) T A R G E T - R E A L T Y . C O M
T A R G E T - R E A L T Y . C O M
L O C A T I O N
ROCKY MOUNTAIN HOUSE, ALBERTA Subject property is located at junction of Highway 22 and Highway 11 Highway 22 runs north from Mayerthorpe and south to through Rocky Mountain House to Lunderbreck Highway 11 runs west from Banff National Park and east through Rocky Mountain House and Red Deer to Nevis Rocky Mountain House as main service centre for Clearwater County
T A R G E T - R E A L T Y . C O M
N E I G H B O U R H O O D Subject property situated within the southern half of the Town of Rocky Mountain House Close to central business district amenities Neighbouring businesses in close proximity to subject property include Remax, H & R Block, Modern World Draperies, Dairy Queen, Petro Canada, Esso, Shell, A & W, Fas Gas, McDonalds, Burger Baron, Goodyear, 7Eleven, Subway, Panago, Husky, ATB Financial, and Sobey’s. Nearby major developments: Rocky Mountain House Area sports facility and government office building
T A R G E T - R E A L T Y . C O M
T A R G E T - R E A L T Y . C O M
E C O N O M Y
Significant oil and gas exploration, coal mining, forestry reserves, and agriculture activity which provides for employment and commercial visitor economic activity Rocky Mountain House as main service centre for Clearwater County Service commercial uses include service stations, restaurants, and hotels Airport development plan (2016) currently underway to address development and expansion pressures
T A R G E T - R E A L T Y . C O M
T O U R I S M
Summer attractions: fishing hunting golfing camping hiking atv biking kayaking dirt biking
Winter attractions: cross country skiing dog sledding ice climbing snowmobiling
T A R G E T - R E A L T Y . C O M
C O N T A F O R F I N I N F O
C T B F U R T A N C I R M A T
E H A I
L O W E R L O N
Allen Liaw 604-773-5263 [email protected]
#3, 7725 – 46 Street SE Calgary AB T2C 2Y5 tel. 403-253-3060 fax 403-253-3221 [email protected] www.target-realty.com
T A R G E T - R E A L T Y . C O M
DISCLAIMER: Each page of this information package is intended for the information purposes only and contains information obtained from other sources believed to be correct but which does not form part of any present or future contract. Target Realty Corp. assumes no responsibility for the degree of accuracy of such information contained herein. Prices or rates quoted do not include the Goods and Services Tax. This property is subject to change and/or withdrawal from the market without notice.
T A R G E T - R E A L T Y . C O M
