Lot
Freehold
Rare opportunity to acquire the Cosmopolitan Motel, a long-established hospitality landmark in the heart of Blairmore, Alberta, within the Municipality of Crowsnest Pass. Ideally situated along Highway 3, the gateway to the Canadian Rockies and British Columbia, this well-known property benefits from year-round tourism generated by skiing, hiking, mountain biking, fishing, ATV and snowmobile trails, and the area's growing outdoor recreation economy. This fully operational, three-storey hospitality property offers multiple revenue streams and has been consistently maintained and professionally operated, making it an excellent turnkey investment for experienced operators or investors seeking stable cash flow with significant upside potential. The motel features 17 guest rooms , offering a mix of standard and family accommodations, all with private bathrooms. In addition, there are 2 dedicated housekeeping/storage rooms, providing valuable operational support. A two-bedroom furnished manager's suite, complete with an in-suite washer and dryer, offers comfortable on-site accommodation for ownership or management. The property also includes a licensed restaurant with seating for approximately 65 guests and a popular tavern with capacity for approximately 122 patrons, complete with pool tables, an ATM, jukebox, and additional entertainment amenities. VLTs were previously in operation and may be reapplied for, subject to AGLC approval, providing an exceptional opportunity to further increase revenue. Recent capital improvements include: Roof replaced (2018); Boilers replaced (2019); New flooring throughout guest rooms and hallways (2020), New bar ice machine (2020), New beer cooler (2022); Investment Highlights, Established motel in the heart of Blairmore, Crowsnest Pass; 17 guest rooms plus 2 operational support rooms; Two-bedroom furnished manager's suite; Licensed restaurant and high-capacity tavern. The Cosmopolitan Motel represents an outstanding opportunity to acqui re a recognizable hospitality business in one of Alberta's premier mountain tourism destinations. Whether expanding an existing hospitality portfolio or entering the lodging industry, this property offers immediate income, established operations, and considerable future growth potential. Please do not approach staff or ownership directly. Financial statements and additional information are available to qualified purchasers upon execution of a Confidentiality Agreement (NDA). (id:374)
