$6,580,000
$7,190,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
4217 50 AVE Red Deer, AB T4N 3Z4
1.78 Acres Lot
Key Details
Sold Price $6,580,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Red Deer
MLS® Listing ID A2277735
Sold Date 05/02/26
Year Built 2005
Annual Tax Amount $74,985
Tax Year 2025
Lot Size 1.780 Acres
Acres 1.78
Property Sub-Type Hotel/Motel
Source Calgary
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 .
Location
Province AB
County Red Deer
Zoning C1
Others
Restrictions Utility Right Of Way
Ownership Private
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