Premium recreational resort business in Alberta Rockies
A chance to own a piece of your own part of the amazing tourism industry in Alberta. This 110 acre site is on a long term lease only a few hours from Calgary in the picturesque Castle Provincial Park. The site allows a developer or operator to expand it from the current 12 rental units & 6 RV pads, with nearly endless expansion opportunities. The current ownership group has had the site since 2021 and has already expanded the offering, and currently has an additional 8 units ready to be added (purchased and on site, along with all furnishing and items needed to make them operational). These units just require some time and labor to set them up and get them ready to rent and start driving additional revenues! The location is in the Southwest Alberta corridor where the provincial government is pushing to double the tourism dollars. The site is projected to drive close to $200k in operations revenue in 2025, with this rising to $815k in 2026, under the plan to expand and grow the site to bring annual operating revenue up to $2.2M by 2028, and to drive NOI of $1.1M per year. The sale is being considered as a share sale of the operating business and will allow for the land lease to be transferred and all FFE (infrastructure, structures on the property, furnishing and equipment) will be included. Would consider an asset sale as well. This is a great opportunity to own a site with some infrastructure and revenue generating units on site, and that can be fully developed however the buyer envisions! Located on a lake, in the mountains, 15 minutes for a ski resort and close to a golf course, approx 2.5 hours from Calgary.