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101 Grove Pl, Drumheller

$3,590,000
18,367 Sq.ft.
47,480 Lot SqFt
1979 Built
Commercial
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Key Features of the Motel:

  • 49 room franchise hotel
  • Interest: fee simple
  • Land Size: 1 acres approx
  • Built in: 1979
  • Current owner: Since 2015
  • Heights: 2 storeys
  • Labour: Non-unionized
  • No. of Employee: 8-15
  • Renovated between 2020–2022 (bathrooms, tiles, roofs) with approx. $500,000 invested.
  • Any PIP: None currently
  • Brand: License agreement with Travelodge
  • (Approximately 10 years remaining; originally a 20-year agreement)

Where is Drumheller?

Drumheller is a unique and world-famous tourist destination located in the heart of Alberta’s Badlands, just 90 minutes northeast of Calgary. It attracts hundreds of thousands of visitors each year with its stunning landscapes, rich fossil history, and the world-renowned Royal Tyrrell Museum — Canada’s leading dinosaur museum. This vibrant town offers strong tourism-driven business potential and year-round activity, making it an ideal location for a hospitality investment.

Beyond Tourism: What Drives Drumheller’s Economy?

While Drumheller is best known for its tourism industry, the local economy is also supported by other key sectors including agriculture, oil and gas, and transportation. The region benefits from its location within Alberta’s energy corridor and its surrounding farmland, which contribute to stable year-round economic activity. These diverse industries provide consistent demand for accommodation, making motels in the area attractive investment opportunities.

ABOUT the Travelodge by Wyndham Drumheller

1. Prime Tourist Location
Located in the heart of Drumheller, one of Alberta’s top tourist destinations, just 90 minutes from Calgary. Home to the world-famous Royal Tyrrell Museum and the World’s Largest Dinosaur, the town attracts over 530,000 visitors annually.
➡ Consistent demand from both seasonal tourists and year-round travelers.

2. Strong Sale
This property boasts a solid income stream. ➡ Attractive return for investors seeking cash flow.

3. Recently Renovated (2022)
Fully renovated during the COVID-19 pandemic. The property is in turnkey condition, minimizing the need for further capital improvements. Cost $500,000.
➡ Move-in ready for immediate operation.

4. Ideal for Investors or Owner-Operators
The size, performance, and location make this an excellent opportunity for either hands-off investors or owner-operators looking for a manageable and profitable hospitality asset.
➡ Flexible ownership potential in a thriving market.

Courtesy of MaxWell Realty