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$ 7,190,000
Est. payment /mo
Active
4217 50 AVE Red Deer, AB T4N 3Z4
37,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 37,000 sqft
Price per Sqft $194
Subdivision Downtown Red Deer
MLS Listing ID A2277735
Year Built 2005
Lot Size 1.780 Acres
Acres 1.78
Property Sub-Type Hotel/Motel
Property Description
Red Deer Park Hill Inn & Suites is an 86-room, four-storey limited-service hotel on 1.78 acres along Gaetz Avenue. The building was originally completed in2005 as a Ramada but converted in 2011 into a Super 8 till 2024. Recently new owner upgraded throughout, the property offers strong brand-conversion potential (Sure stay Best Western brand, Ramada, Quality Inn and Super 8) and generated $1.73M in 2025 revenue. Its central location provides steady demand from highway traffic, industrial activity, and regional tourism. Future performance is expected to strengthen significantly with the Red Deer Regional Hospital Redevelopment and the expanding Red Deer Airport, both driving long-term increases in workers, medical travelers, and visitor traffic—positioning the hotel for higher occupancy and ADR growth.
Renovation: carpet, painting ,new 55” TV, new door lock, new mattress, micro waive and washer & dryer etc .
Renovation: carpet, painting ,new 55” TV, new door lock, new mattress, micro waive and washer & dryer etc .
Location
Province AB
Zoning C1
Interior
Inclusions See Chattels list
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions Utility Right Of Way
Listed by MaxWell Canyon Creek