FOR SALE

The Rodeway Inn
$4,300,000

Property

The Inn consists of 103 guestrooms divided into four categories: Twin Double, Queen, King and Accessible rooms. The majority of the rooms are located within the main building. Additionally, we also have 8 cabins and 4 mobile homes that consist of 20 rooms in total. There are approximately 9 rooms, located within the secondary building, termed by the management as the “new section”. 

 

All guestrooms have undergone significant renovations with an upgrade to new soft-goods (bedding, furniture, paint on walls, and wall fixtures). The majority of the bedding package was upgraded by utilizing furniture from the Marriott Fredericton, with new linen, allowing the property to have a more modern look and feel. These renovations and upgrades were undertaken between 2017 and 2018

The property comprises a 70-seat fully equipped restaurant, but for breakfast only. Complimentary breakfast is served to guests. There is also consists of a fully functioning kitchen facility that can be utilized for lunch and dinner services. However, it is not being currently utilized.

Location

Given its location, the town of Grand Falls, located proximate to Saint-André, is strategically located in between the two census agglomerations of Edmundston and Fredericton, which also happen to be two large population and economic bases in the province of New Brunswick.

The Conference Board of Canada has projected that the population for New Brunswick will increase to 769,000 persons by 2022, representing a growth of 1.2% from 2017.


It remains that overall, the New Brunswick economy is doing better, benefitting from rising incomes, a regained confidence and the deleveraging of the U.S. economy. New Brunswick’s real GDP growth is therefore expected to reach a rate of 1.0% in 2019 and 0.8% in 2020.

Besides the inn’s location along Route 144, its proximity to the Trans-Canada Highway, commonly known as the Trans-Canada Highway, allows the inn to be easily accessible to numerous local, provincial and national roadways, that allows it to be connected to the municipality of Grand Falls, the census agglomerations of Edmundston and Fredericton, while also being connected to the major census metropolitan areas (CMAs) of Moncton and Saint-John.


The hotel’s demand segments are driven in part by the various leisure activities that are proximate to the inn. In approximately a five-kilometer radius, there's the famous Grand Falls Gorge site, the golf club of Grand Golf, the famous Da-li Art museum, the museum of Grand Falls, and the Centre E&P Sénéchal Centre, a principal venue for sports and leisure activities, exhibitions and concerts.


The Grand Falls Gorge site is not only famous within the region, but is also one of the most visited within the province of New Brunswick.

Tourism

Select tourist attractions in and around the town of Grand Falls as well as the census agglomerations of Edmundston and Fredericton are highlighted as follows:


Grand Falls Gorge: The spectacular gorge located in the middle of the town of Grand Falls, and is the most visited attraction within the town and is deemed one of the most famous attractions within the province of New Brunswick. The gorge is open to visitors from May to October every year. In 2018, approximately 60,650 visitors visited and explored the famous gorge.


Grand Falls Regional Potato Festival: This regional festival is one of the biggest events of Grand Falls town. The festival has been ongoing for 58 years, and happens on the last week of June annually. It is a mix of a music festival, food contest, pageants, games, parade, and many other activities. In 2018, it took place from June 27th to July 1st, and held approximately 5,000 visitors.


Grand Falls Truck & Tractor Pull: This annual event which takes places in the middle of June since 2007, consists of a competition between 15 classes of tractors, 8 classes of pick-up trucks, a big-rig transport truck class and a modified lawn tractor class. More than 100 competitors come from Atlantic Canada, Québec, Ontario, Maine and Pennsylvania. The number of attendees is estimated to be between 3,000 and 4,000, on an annual basis.

The Visual Arts Symposium of North-Western New Brunswick: This event created  approximately 20 years ago by the painter artist and owner of Da-Li Art Gallery, Danielle Bergeron, has the purpose of developing the cultural community. Exchanges, exhibitions, conferences, demonstrations, and workshops are given by more than 50 artists from Québec and New Brunswick. It attracts approximately 5,000 visitors each year, and takes place in the beginning of May on an annual basis.

 

PROPERTY AND AREA DETAILS

 

Deborah Brideau

REALTOR®

EXIT Realty Advantage

deb@exitadvantage.ca

506-470-9761