LEGAL DESCRIPTION:

• BLOCK A

• PLAN 405KS

• SW¼-18-56-23 W4th

• Town of Bon Accord

• Containing 1.84 acres more or less excepting thereout:
  the most westerly 50 feet in width.

PRESENT OWNERS:

• The existing owner has owned and managed the Bon Accord Hotel for 39 years.  At 71 years of age, he is ready to retire.

LOCATION:

• Approximately 20 minutes north of Edmonton

• Located on Hwy #28 North in the Town of Bon Accord

HOTEL SERVES:

• Super military base (Edmonton Garrison) located 10 minutes from the Hotel

• 15 minutes away from Edmonton City Limits

• Local residents (population of Bon Accord, approximately 1,500 people)

• Highway traffic from both Edmonton and Fort MacMurray

• Surrounding gas and oil activities

• Surrounding farm and ranch areas

PROPERTY TYPE:

• Full service hotel offering:

  • accommodations

  • restaurant / dining room

  • tavern

  • liquor store / beer store

• Land Use Classification:

  • C3-Commercial

• Size of Building:

  • Main Floor - 10,000 ft²

  • Second Floor - 5,204 ft²

  • Total - 16,004 ft²

AGE:

• Central Portion: Older

• Addition: 1971-72

• Addition: 1976-77

• Renovation: 1979-80

• Upgrading: annually since 1980

• Bonded Roof: July 2000

DESIGN:

• 200 seat tavern with 5 video lottery terminals

• 94 seat dining room

• 40 seat restaurant

• 14 guest/rental rooms

• manager's suite

• paved parking lot

PERFORMANCE:

• Projected gross revenue for 2000-01 is $912,000

• Gross revenue for 1999-00 was $868,853