Marcus & Millichap and Institutional Property Advisors (“IPA”), a division of Marcus & Millichap, are pleased to present the opportunity to acquire the West Edmonton Mall Adjacent Hotel & Retail Centre (“the Property” or the “Offering”), a well located single-title parcel of land improved with a single-storey freestanding restaurant building and a five-storey hotel comprised of 48 suites, three main-floor commercial units, and an underground parakade. The restaurant building is home to a successful and recognizable brand, Jollibee, and the hotel is scheduled to receive occupancy by year end.

The hotel suites are fashioned in an apartment style, with the top floor highlighted by loft units with two levels. The hotel main-floor features three commercial bays totaling over 5,000 SF with two leases in place. The Jollibee tenant has seven years remaining on a 15 year triple net land lease. The Property also provides income through Outfront Media signage.

The West Edmonton Mall Adjacent Hotel & Retail Centre is being offered for sale under a receivership process with a List Price of $19,500,000, on an “as-is where-is” basis. Offers will be reviewed by the Receiver on the set Bid Date of January 30th, 2024, at 3:00 PM MST.