A2254897 - 5078 50 Street , Camrose, Alberta T2V 1R2




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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.

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

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ESSENTIAL
MLS®:A2254897
Price:2,400,000.00
Type:Commercial
Sub Type:Hotel/Motel
Lot Size:23,665 sq. ft.
Building Name:Alice Hotel
RestrictionsSee Remarks
DOM12
INTERIOR SNAPSHOT   
Sq Ft:21,500
Heating:Boiler, Natural Gas


COMMUNITY DETAILS
Address:5078 50 Street , Camrose, Alberta T2V 1R2
City:Camrose
Subdivision:Downtown Camrose
County:Camrose
Province:Alberta
Postal Code:T2V 1R2
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1928
Structure Type:Hotel/Motel
Foundation:Poured Concrete
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
Roof:Flat Torch Membrane
Zoning:C1
Construction:Brick, Concrete, Post & Beam, Wood Frame
Parking Total:36
ROOM DIMENSIONS


Inclusions: Noted on chattels list by request
Lot Features: Back Lane, Corner Lot, See Remarks



Courtesy: CIR Realty


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Sean Gillis - RE/MAX Grande Prairie

A2254897 5078 50 Street
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FAQs about 5078 50 Street , Camrose, Alberta, T2V 1R2

5078 50 Street MLS® A2254897 has an approximate size of 0 Sq. Ft. located in Downtown Camrose.

Nearby secondary schools include Schools & resources

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 5078 50 Street , MLS® A2254897.

This Commercial is priced at $2,400,000.

This property is located at 5078 50 Street , Camrose, Alberta, T2V 1R2 in the Downtown Camrose community. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Downtown Camrose community resources page.


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