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
