Grande Prairie hotel sells for $30.7M

Full-service, 168-room hotel purchased by Edmonton-based Shelbra International in acquisition spree

By
for Western Investor
September 13, 2019





DD Grande Prairie hotel Shelbra

A 168-room full-service hotel in Grande Prairie, Alberta has sold to Shelbra International for more than $30 million, reports brokerage SVN 360 Commercial. The acquisition is the second major hotel purchase by Shelbra as it develops a portfolio.

Breakdown:

Property type: Hotel

Number of units: 168

Location  99 Avenue

City: Grande Prairie, Alberta

Building size: 42,000 square feet

Land size: 2.17 acres

Sale price: $30.75 million

Date of sale: September 18, 2019

Vendor: Podollan Hospitality

Buyer: Shelbra International Inc.

Brokerage: SVN 360 Commercial

Broker: Ken Sehbib


Copyright © Western Investor

Email to a Friend

Close
Most Popular
Get the WesternInvestor.com Newsletter