4217 50 Avenue, Red Deer, Alberta T4N 3Z4

Listed for:
$7,190,000
0 beds
0 baths
Listed 37 days ago
4217 50 Avenue, Red Deer, Alberta T4N 3Z4

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About

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:27476)

Property Highlights

MLS® Number
A2277735
Type
Business
Community Name
Downtown Red Deer
Ownership Type
Freehold
Land Size
1.78 ac|1 - 1.99 acres

Building

Square Footage
37000 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location

Learn more about this property
Listing provided by:
MaxWell Canyon Creek
MLS® number:
A2277735
Agent:
Francis C. Lee
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