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Julie Pollard

julie.pollard@exprealty.com +1(250) 280-9666

$ 2,400,000

Est. payment | -/mo

21,500 SqFt

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$ 2,400,000

Est. payment | -/mo

Save

21,500 SqFt

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 21500

Square Footage 21,500 sqft

Price per Sqft $111

Subdivision Downtown Camrose

MLS® Listing ID A2254897

Year Built 1928

Lot Size 0.543 Acres

Acres 23665.0

Property Sub-Type Freehold

Property Description

THE ALICE HOTEL is a historical landmark building/business operating profitably in Camrose since it was constructed in 1928. It has been owned and operated by the same family for almost 50 years due to its reliable long-term staff, straight-forward operational environment, and consistently strong revenue. It's a rare gem in the heart of Camrose!A thoughtful blend of vintage brick nostalgia accented by contemporary touches and unique artistry makes the Alice timeless and iconic. Its key location heralds the start of the historic main street business district, and commands the attention of locals and visitors alike.The hotel interior and exterior have been impeccably maintained throughout its lifetime, with the current owners proactively implementing repairs and improvements that ensure the Alice remains both visually and functionally viable for the next 100 years.STRONG AND STABLE REVENUES OF OVER $2.2MM are generated annually from the combination of lodging, food & beverage, and gaming revenues, plus market data shows ample room remains for pricing and rate increases. The steady and reliable profitability has allowed healthy management take-outs, including through the years impacted by Covid - directly counter to the challenges other businesses experienced through that period.An efficient centralized kitchen provides service to the cafe, lounge and bar, with a menu that offers variety with without excess and supports signature dishes that draw regular patrons. Food revenues can be easily expanded by adding mobile ordering / delivery options and expanded service hours which are not currently offered. Four entrances allow varied operational options plus separate basement access, adding strong potential for new revenue streams by creating bookable space or adding an additional commercial venue. 2028 WILL MARK THE 100TH ANNIVERSARY FOR THE ALICE HOTEL, A TREMENDOUS MARKETING OPPORTUNITY!Built in 1928, the Alice Hotel was extremely large and modern for the time . It boasted 52 rooms, hot and cold running water, baths, telephones in the rooms and a large dining room. It was built by prominent local businessman Valclav Matejka who came to Camrose in 1905. He named the hotel after his daughter Alice, and the hotel has continued to bear her name ever since. Over decades, the rooms were enlarged with private bathrooms & sitting areas, reducing the room count to 23.The hotel is listed on the Camrose ‘Heritage Survey and Inventory' List, proving its historic value to the city and its importance to the region, however it is not a registered historic site which allows full flexibility of work and use. Additional data available upon request with signed NDA from the listing agent. VIEWING BY PRE-ARRANGED APPOINTMENT ONLY. Appointments can be arranged through your agent, or by contacting the listing agent. The seller also requests for ALL INQUIRIES TO BE DIRECTED THROUGH THE LISTING AGENT. Please do not contact the hotel directly with any inquiries. Thank you! (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Interior

Cooling Central air conditioning, Partially air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 36

Garage No

Private Pool No

Others

Ownership Freehold

Listed by CIR Realty

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"We hired Julie as our realtor and she always went above and beyond the call of duty for us.She found us the perfect place it took some time but she said be patient and she was right highly recommend Julie as a realtor." - WR
“Julie Pollard is an extremely knowledgeable and professional Realtor who puts the needs of her clients as her priority. She is well informed about the areas she serves which makes her best placed to advise people who may be new to the region and she is a fabulous negotiator. I highly recommend Julie to friends, family and anyone who is looking for honest upfront service." - SJ
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+1(250) 280-9666

julie.pollard@exprealty.com

5078 50 Street Camrose, AB T2V1R2

Julie Pollard

Key Details

Location

Rooms

Interior

Exterior

Others

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5078 50 Street