4217 50 Avenue, Red Deer, Alberta T4N 3Z4

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$7,190,000

Highlights

$7,190,000

Price

37000 sqft

Lot

For sale

Status

A2277735

MLS® ID

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 . (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2277735
    • Price $7,190,000
    • Square Footage: 37000 sqft
    • Community Name: Downtown Red Deer
    • Plan 1023366

    Business

    Business Type Accommodation Business Sub Type Hotel/motel

    Buildings

    Constructed Date 2005 Size Exterior 37000 Sqft
    Size Interior 37000 Sqft Total Finished Area 37000 Sqft

    Land

    Acreage Yes Size Irregular 1.78
    Size Total 1.78 Ac|1 - 1.99 Acres Size Total Text 1.78 Ac|1 - 1.99 Acres
    Zoning Description C1

    Agents and Offices

    • Francis C. Lee
    • Office: Maxwell Canyon Creek

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