Premium recreational resort business in Alberta

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, 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 11 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 labour 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 $292k in revenue in 2025, with this rising to $815k in 2026, and the plan to further expand and grow the site to bring annual operating revenue up to $2.2M by 2028, and 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.