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Airdrie hotel sells for $100K per key

Value reflects strong pricing in key Calgary-area submarket
133-sierra-springs-drive-se-airdrie
Airdrie's Comfort Inn & Suites sold for $100,000 per key in July, for a total of $10.3 million.

DEAL | Colliers Hotels was the exclusive advisor in the July 10 sale of the 103-room Comfort Inn & Suites at 133 Sierra Springs Drive SE, Airdrie, Alberta. Both the vendor and purchaser were private investors. Built in 2009, the hotel is within 10 km of the CrossIron Mills retail development and 30 km from downtown Calgary. Onsite amenities include an indoor pool, gym and business centre. According to CoStar, the price of $100,000 per door is in line with local norms but slightly higher than elsewhere in the Greater Calgary market.

PRICE | $10,300,000

FROM | Colliers Hotels