21,500 SqFt
21,500 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 21,500 sqft
Price per Sqft $111
Subdivision Downtown Camrose
MLS Listing ID A2254897
HOA Y/N No
Year Built 1928
Lot Size 0.540 Acres
Acres 0.54
Lot Dimensions 182' x 130' Lot size includes the parking lot (on separate title LINC 0015223051) which is being sold with the building as part of the offering
Property Sub-Type Hotel/Motel
Property Description
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.
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
Location
Province AB
County 0048
Zoning C1
Interior
Heating Boiler, Natural Gas
Cooling Central Air, Partial
Inclusions Noted on chattels list by request
Fireplace No
Exterior
Roof Type Flat Torch Membrane
Total Parking Spaces 36
Garage No
Building
Lot Description Back Lane, Corner Lot, See Remarks
Dwelling Type Hotel/Motel
Foundation Poured Concrete
Others
Restrictions See Remarks
FEATURED AREAS
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
