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$7,190,000
Alberta,Red Deer
For Sale Active
4217 50 Avenue, Red Deer, Alberta T4N3Z4
  • 37,000 Sqft
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Basic Details
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 . (id:64429)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: A2277735
  • Price: $7,190,000
  • Square Footage: 37,000 Sqft
  • Year Built: 2005
  • Status: Active
  • Property Sub Type: Business
  • Office Key: 54634
Address Map
  • Location: CA, Alberta, Red Deer, Downtown Red Deer, T4N3Z4
  • Street: 50
  • Street Number: 4217
  • Street Suffix: Avenue
  • Longitude: W114° 11' 12.6''
  • Latitude: N52° 15' 41.7''
Additional Information
  • Business Type: Accommodation
  • Lot Size Dimensions: 1.78
Financial
  • Tax Annual Amount: 74985
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Listing updated: 2026-04-28 18:01:53
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Listing Information
  • List Agent Key: 1447783
  • List Office Key: 54634
  • Modification Timestamp: 2026-04-27T18:50:59Z
  • Originating System Name: Calgary Real Estate Board
  • Status Change Timestamp: 2026-04-27T18:43:24Z
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Listing updated: 2026-04-28 18:01:53
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