4217 50 Avenue Red Deer, Alberta T4N 3Z4
$7,190,000
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:59126)
Business
| Business Type | Accommodation |
| Business Sub Type | Hotel/motel |
Property Details
| MLS® Number | A2277735 |
| Property Type | Business |
| Community Name | Downtown Red Deer |
| Plan | 1023366 |
Building
| Constructed Date | 2005 |
| Size Exterior | 37000 Sqft |
| Size Interior | 37,000 Ft2 |
| Total Finished Area | 37000 Sqft |
Land
| Acreage | Yes |
| Size Irregular | 1.78 |
| Size Total | 1.78 Ac|1 - 1.99 Acres |
| Size Total Text | 1.78 Ac|1 - 1.99 Acres |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/29234004/4217-50-avenue-red-deer-downtown-red-deer
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April 27 2026 06:43:24
Calgary Real Estate Board
