Property Details

Address: 5323 - 48 Avenue, Redwater, AB
Status: For Sale
Price: $6,900,000
No. of Units: 56

Property Overview

Paradise Inn and Suites is located at 5323 – 48 Avenue in Redwater, Alberta. The hotel was constructed in July of 2014. The construction of the building is wood-frame with interior fire wall on a concrete foundation. There are 56 rooms: 43 Queen/Double rooms and 13 King room.  All rooms are equipped with PTAC units for heating and cooling.

There have been no major renovations due to the hotel being a newer build.

City Overview

Redwater is a small town located approximately forty minutes north-east of Edmonton and thirty minutes from Fort Saskatchewan. The population according to the 2016 Census was just over 2000 residents. Redwater is established along Highway 38, and just east of Highway 28, which offers access north to Fort McMurray, south to Edmonton and east to Saskatchewan. 

The economy is supported primarily by agriculture and oil, making it a key player in Alberta’s Heartland. A recreation facility, an outdoor pool, a nine-hole golf course and some of the best ATV trails in Alberta are part of the town’s attractions.

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