Rimstone Ridge Hotel

FOR SALE
Rimstone Ridge Hotel
5501 - 50th Avenue, Rimbey Alberta
INVESTMENT OPPORTUNITY
Key Features
TripAdvisor #1 Ranked Hotel in Alberta, January 2015
60 Guest Rooms
95 Seat Reastaurant
Recreational Wing
150 Seat Conference Room
Rimstone Ridge Hotel | Best Western Hotel
Sale Price: $9,900,000
Area Amenities
• Rimbey is located 89 miles southwest of Edmonton via Highway 2 and west along
Highway 53. It is 34 miles northwest of Red Deer and 129 miles north of Calgary
• Rimbey is a thriving community, located in the heart of the Cardium Oil and
Gas Formation. The major economic contributors to the region are natural gas
processing, petroleum and agriculture. Major businesses in the area include Nikirk
Brothers Contracting (sand, gravel and concrete), Bonivesta, RS Lines, Keyera (oil &
gas), the Rimbey Co-op Association and the new Agri Plex.
Property Highlights
• Excellent opportunity to purchase the newest hotel in Rimbey
• Well respected Best Western Brand, largest single-branded hotel chain in Canada
For more information, please contact:
Cody Lowry
Senior Associate
780.641.0836
cody.lowry@dtzbarnicke.com
Lance Frazier
Broker, Partner
780.421.1489
lance.frazier@dtzbarnicke.com
• 3 Diamond rating by AAA/CAA
• Large volume of repeat clientele
• Opportunity to expand hotel by an additional 18 suites
• Onsite parking available for large commercial trucks/trailers and RV’s
10104 - 103 Avenue, Suite 602
Edmonton, Alberta T5J 0H8
T +1 780 421 1488
F +1 780 424 0217
www.dtzedmonton.com
FOR SALE
Rimstone Ridge Hotel
5501 - 50th Avenue, Rimbey Alberta
PROPERTY DETAILS
• Opportunity to purchase a pristine Best Western three storey hotel with 60 guest rooms, 95 seat licensed lobby restaurant and
a 120 - 150 seat conference room/banquet facility. Property amenities include guest laundry, computer room and recreational
wing with water slide, swimming pool, hot tub and exercise room.
• Municipal Address:
5501 - 50 Avenue, Rimbey AB
• Legal Description:
Lot 1 / Block 21 / Plan 0826554
• Building Areas:
Main Floor
16,378 SF
Second Floor
11,243 SF
Third Floor
12,119 SF
Total
39,082 SF
• Zoning:
C2 (Commercial Highway)
• Year Built:
September 2009
• Parking:
79 Standard Vehicles
12 Commercial Vehicles
• Main Floor
Impressive vaulted ceiling entrance, 95 seat licensed restaurant and 150 seat conference room, 12 guest
rooms, in house laundry, Wi-Fi/internet room and a large recreation centre. Recreational room includes
swimming pool, water slide, in-floor hot tub, adjacent birthday party room and a fitness centre.
• Second Floor
23 guest rooms consists of 13, double queen bedrooms and ten king bedrooms. Three of the queen rooms
are large executive suites with a private bedroom.
• Third Floor
25 guest rooms including 17 queen rooms and 8 king rooms. 12 of these rooms are complemented with
kitchenette facilities.
Consistently the # 1 hotel in Rimbey and within the top 5 hotels in Alberta
on TripAdvisor.com
Business Generators
•
Rimbey is conveniently located between Red Deer and Edmonton being accessible to the shipping and transportation facilities
•
Rimoka Housing Foundation is building an 80 room $15.5 million affordable seniors complex just south of the Hotel
•
Located across the street from the Rimbey Hospital/Care Centre and the hockey/curing arena
•
Employees have a long-term history with the hotel and strive to exceed expectations
Rimbey Gas Plant Expansion
Estimated Project cost of $210 million currently under
construction
Lacombe Bio-Refinery
Pending approvals to start the $31.8 million project
AltaLink Management Limited
$350 million project in the Red Deer region bring a reliable
supply of electricity for years to come. Currently preparing for
construction activities in the Ponoka, Didsbury, Sylvan Lake and
Red Deer areas
FOR SALE
Rimstone Ridge Hotel
HIGHWAY 20
5501 - 50 Avenue, Rimbey Alberta
PETER L. COMMUNITY CENTRE
RIMBEY HOSPITAL & CARE CENTRE
HIGHWAY 53
FUTURE SENIORS HOME
Financial Information
The Rimstone Ridge Hotel has experienced full occupancy and
excellent RevPar over the past several years. With the continued
growth in the area, Rimestone Ridge offers excellent current
and future returns.
Offering Process
DTZ Barnicke Edmonton Inc. has been retained as the Exclusive
Agent for the Rimstone Ridge Hotel to market the Property.
For more information, please contact:
Cody Lowry
Senior Associate
780.641.0836
cody.lowry@dtzbarnicke.com
Lance Frazier
Broker, Partner
780.421.1489
lance.frazier@dtzbarnicke.com
10104 - 103 Avenue, Suite 602
Edmonton, Alberta T5J 0H8
T +1 780 421 1488
F +1 780 424 0217
Mike Hoffert
Associate
780.641.0712
mike.hoffert@dtzbarnicke.com
www.dtzedmonton.com
DTZ Copyright 2015. The information contained herein was lawfully obtained from sources we consider reliable. DTZ is not responsible and expressly disclaims all liability, for errors, omissions, prior sales, withdrawal from the market or
change in price. Seller (or Lessor, as the case may be) and broker make no representation as to the environmental condition of the property and recommend Purchaser’s (or Lessee’s) independent investigation.