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The Prairie Creek Inn


Rocky Mountain House, AB   Offered for sale at 4,000,000 CAD
 

Take a look at this remarkable turnkey full-service country inn on 60 acres of stunning creek side property in Central Alberta. It boasts an impressive repeat clientele of raving fans and offers 16 luxury suites and cottages, a licensed restaurant, an executive meeting facility and staff residence, all within an easy 2-hour drive from Alberta’s largest cities.

This hidden gem is known as an ultimate getaway destination for couples, corporate groups, weddings, and individuals wanting a beautiful natural setting without travelling far. As a premier member of the Charming Inns & Small Hotels of Alberta, the business is a major player in Alberta’s tourism and hospitality marketplace.

The property has 8 buildings totaling 17,157 sq. ft. including 6 executive cottages, the Main Inn with 7 spacious luxury suites, the 50-seat restaurant and meeting room, the Coach House with 3 suites and a staff residence. All have been constructed within the past 6 months to 13 years and boast exceptional design and finishing in keeping with some of Canada’s best resorts and getaway destinations.

Now in its 14th year of operation, this well-run business has a reliable management contract in place and earns revenues of $1 million, an enviable $270 ADR and a 10-12% cap rate. It is also positioned for immediate expansion with development permits and the necessary infrastructure in place to reap even greater returns.

The $4 million sale price includes the going concern business and property and the 60 acres it’s situated on plus an option to purchase the adjoining 90 acres of agricultural land for an additional $350,000. All values are backed by a professional appraisal done in 2018.

This is a dream buy for the astute innkeeper, investor or developer wanting an outstanding business opportunity providing exceptional getaway experiences with an attractive ROI to boot.



Property Details
  • 16 Guest Rooms
  • 19 Guest Room Baths
  • Has Owner's Quarters
  • Built in 2010
  • Last Renovated in 2019
  • Opened in 2006
  • Building is 17,157 SQFT
  • Lot is 60 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at 4,000,000 CAD
  • Occupancy Rate: 46%
  • Average Daily Rate: $270
  • Annual revenue is 1,000,000 CAD
  • Terms: 10-12% CAP rate; Seller's Discretionary Earnings $500,000; Option to buy adjoining 90 acres for an additional $350,000.
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