4311 - 49 Avenue, Red Deer, Alberta

Investment Overview

The Baymont by Wyndham and the NestEra Apartments are strategically located in central Red Deer, Alberta, with convenient access to 49th Avenue, Highway 2 and other major transportation corridors which connect Central Alberta. The Property is surrounded by a wide range of desirable amenities including grocery stores, shopping centres, restaurants, recreation facilities and major event destinations, positioning the Property to serve business travelers, leisure guests, conference attendees, commercial users and residents.

The Hotel, Multi-Residential, and Land components are separately titled, and therefore a purchaser can acquire each individual component separately or as a strategic portfolio purchase, providing investors with unparalleled flexibility.

Investment Highlights

• Multiple Revenue & Repositioning Opportunities: The Property benefits from multiple income sources, including hospitality, food & beverage, banquet, multi-family and retail components, providing diversified cash flow and opportunities for operational optimization across several business lines
• Enhanced Retail Component: A lease has recently been executed for the newly refreshed retail space on the east side of the Property, contributing approximately $100,000 of additional annual revenue and further diversifying the asset’s income profile
• Strategic High-Exposure Hospitality & Commercial Hub: Centrally located along 49th Avenue in Red Deer, the Property benefits from strong vehicular exposure, excellent accessibility and proximity to major commercial and recreational amenities, making it well-positioned to attract hotel guests, event users, restaurant patrons and retail/commercial tenants alike
• Exclusive Resident Amenities & Future Upside: Exclusive to apartment residents, the Property features a private fitness facility, on-site laundry, and approximately 9 to 10 additional rooms, including five storage areas and five vacant offices. These spaces present a potential value-add opportunity through conversion to additional residential suites or enhanced amenity space, offering the ability to increase income while further enhancing tenant convenience, resident appeal, and long-term retention
• Significant Capital Improvements: Over $3.5 million has been invested in the Property since 2025, including a new roof over the hotel and banquet facilities, the renovation of 30 hotel rooms with kitchenettes and upgrades to the banquet space. Exterior painting is set to commence immediately on the hotel, which will further enhance curb appeal while reducing near-term capital requirements for future ownership