$7,190,000.00 37,000 Sq.ft

4217 50 Avenue , Red Deer. T4N 3Z4

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 .

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2277735
City:Red Deer
Neighbourhood:Downtown Red Deer
Province:Alberta
Building/Unit Size: 37,000 sq.ft
Land Size:1.78 Acre
Listing Price:$7,190,000.00
Lease Rate: $0.00
Business Type: Hotel/Motel Hotel/Motel
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:C1
Listing Contract Date:2026-01-09

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "MaxWell Canyon Creek" listing brokerage.

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