Property Details

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4217 50 Avenue
Red Deer (A2277735)

$7,190,000
37,000 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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 .

Property details

Basic Info

MLS® #
A2277735
Property Type:
Commercial
Subtype:
Hotel/Motel
Subdivision:
Downtown Red Deer
Price
$7,190,000
Sale/Lease:
For Sale
Size:
37,000 sq.ft.
Year Built:
2005 (21 years old)

Building Info

Structure Type:
Hotel/Motel
Building Name:
Park Hill Inn & Suite Red Deer
Garage:
No
Fence:
Basement:
No
Inclusions:
See Chattels list

Lot / Land Info

Lot Size:
1.78 acres
Zoning:
C1

Business Info

Business Name:
Park Hill Inn & Suite Red Deer
Business Type:
Hotel/Motel

Listing Info

Possession:
90 Days / Neg
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Grassroots Realty Group Ltd.
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