Property Details

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Featured in:

Winners:

954 7 Street
Medicine Hat (A2283807)

$7,250,000
57,241 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

Strategically located directly on Highway 1 at the entrance of the city, this impeccably maintained 66-room full-service franchise hotel (including 13 kitchenette suites) offers a rare blend of steady hospitality income and massive upside potential. The property features an indoor pool and hot tub, a 3,600 sqft restaurant providing steady rental income, and a 7,000 sqft banquet space with stunning views. A major value-add opportunity exists in the 8,500 sqft main floor space, formerly a popular nightclub, which has a high potential for reopening to meet high local demand. Ideally timed for the 2026 approval of the $131.5 million Saamis Solar Project in Medicine Hat area, this hotel is perfectly positioned to house the influx of specialized workers and corporate travellers arriving for one of Canada’s largest urban solar developments.

Property details

Basic Info

MLS® #
A2283807
Property Type:
Commercial
Subtype:
Hotel/Motel
Subdivision:
NONE
Price
$7,250,000
Sale/Lease:
For Sale
Size:
57,241 sq.ft.
Year Built:
1973 (53 years old)

Building Info

Structure Type:
Hotel/Motel
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Lot Size:
2.32 acres
Zoning:
Highway Commercial Distri

Listing Info

Possession:
Negotiable
Days on Market:
3
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Grassroots Realty Group Ltd.
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