The offering comprises 106 (100% ownership of 103 units and fractional interest in 5 other units which, in the aggregate equals 3 other units) of a total of 214 hotel-condo units including the parking stalls associated with such units (or the relevant fractional interest herein), two underdeveloped management units (which may also be referred to as the "amenities area") and 23 separately titled parking units in the Solara Canmore Resort. Subject to the bylaws of the Condominium Corporation and the Owners' Association , there may be significant value-add opportunities for prospective purchasers including the operation of the entire resort and the 38,267 sq. ft. of "amenities area." The hotel units are complete and fully furnished, while the "amenities area" is currently in "white box" condition.
Previous sales in the Solara Canmore Resort ranged from $372 to $655 per sq. ft. with an average of $460 per sq. ft. Our asking price of $42,000,000 equates to an average of $330 per sq. ft. for the hotel-condo units and $98 per sq. ft. for the two management units (including the 48 parking units). We are seeking En Bloc purchase proposals.
To be provided with a copy of the Confidentiality Agreement please click on the link below . After submitting a Confidentiality Agreement, you will be provided access to our on-line Confidential Information Memorandum in which the offering process is outlined.
The property is easy to tour and we welcome the opportunity to do so.