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Grande Prairie motel sells for $23,711 a door

Turn-key acquisition offers stable revenues and upside
silver-crest-lodge-grande-prairie
Silver Crest Lodge, a 97-room motel in Grande Prairie, sold Feb. 22 for $2.3 milliion.

DEAL | Silver Crest Lodge, a well-maintained 97-room motel situated on a two-acre site at 11902 100th St., Grande Prairie, sold Feb. 22 for $2.3 million. The price averaged $23,711 per room. With strong highway exposure and easy access to downtown, the property features spacious guest rooms, ample surface parking, on-site laundry, and an owner’s/manager’s suite. This is a turn-key acquisition with stable revenues and potential for future growth in a thriving northern Alberta market.

PRICE | $2,300,000

FROM | Ovais Siddiqui, Century 21 Coastal Realty Ltd.