$2,400,000
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5078 50 Street, Camrose, AB T2V 1R2

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THE ALICE HOTEL is a historical landmark building/business operating profitably in Camrose since it was constructed in 1928. It has been owned and operated by the same family for almost 50 years due to its reliable long-term staff, straight-forward operational environment, and consistently strong revenue. Its a rare gem in the heart of Camrose! A thoughtful blend of vintage brick nostalgia accented by contemporary touches and unique artistry makes the Alice timeless and iconic. Its key location heralds the start of the historic main street business district, and commands the attention of locals and visitors alike. The hotel interior and exterior have been impeccably maintained throughout its lifetime, with the current owners proactively implementing repairs and improvements that ensure the Alice remains both visually and functionally viable for the next 100 years. STRONG AND STABLE REVENUES OF OVER $2.2MM are generated annually from the combination of lodging, food & beverage, and gaming revenues, plus market data shows ample room remains for pricing and rate increases. The steady and reliable profitability has allowed healthy management take-outs, including through the years impacted by Covid - directly counter to the challenges other businesses experienced through that period. An efficient centralized kitchen provides service to the cafe, lounge and bar, with a menu that offers variety with without excess and supports signature dishes that draw regular patrons. Food revenues can be easily expanded by adding mobile ordering / delivery options and expanded service hours which are not currently offered. Four entrances allow varied operational options plus separate basement access, adding strong potential for new revenue streams by creating bookable space or adding an additional commercial venue. 2028 WILL MARK THE 100TH ANNIVERSARY FOR THE ALICE HOTEL, A TREMENDOUS MARKETING OPPORTUNITY! Built in 1928, the Alice Hotel was extremely large and modern for the time. It boasted 52 rooms, hot and cold running water, baths, telephones in the rooms and a large dining room. It was built by prominent local businessman Valclav Matejka who came to Camrose in 1905. He named the hotel after his daughter Alice, and the hotel has continued to bear her name ever since. Over decades, the rooms were enlarged with private bathrooms & sitting areas, reducing the room count to 23. The hotel is listed on the Camrose Heritage Survey and Inventory List, proving its historic value to the city and its importance to the region, however it is not a registered historic site which allows full flexibility of work and use. Additional data available upon request with signed NDA from the listing agent. VIEWING BY PRE-ARRANGED APPOINTMENT ONLY. Appointments can be arranged through your agent, or by contacting the listing agent. The seller also requests for ALL INQUIRIES TO BE DIRECTED THROUGH THE LISTING AGENT. Please do not contact the hotel directly with any inquiries. Thank you!

Listing By: Joseph Belland - CIR Realty cnpilar Realty.com
  • MLS® A2254897
  • Date Listed09/06/2025
  • Days on Realty 274 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.54 acres (23,665 sq. ft)
  • Subdivision Downtown Camrose
  • County Camrose
  • Year Built 1928

Interior Features

  • Cooling Central Air, Partial
  • Heating Boiler, Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.54
  • Lot Size SQFT 23,665.00
  • Lot Features Back Lane, Corner Lot, See Remarks

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T2V 1R2

Discover key demographics, population statistics, and environmental insights for the Camrose, AB area.

Walkability in AB / T2V 1R2

Source: Walk Score

84/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

64/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 22/100, Transit Score: 0/100, Bike Score: 36/100.

Points of Interest near 5078 50 Street, Camrose, AB T2V 1R2

Frequently Asked Questions for 5078 50 Street

Source: Realty.com

5078 50 Street, Camrose, AB T2V 1R2 in Downtown Camrose, Camrose, AB T2V 1R2 is a hotel-motel listed at $2,400,000. Highlights include built in 1928, 0.54 acre lot. Realty.ca has 47 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 47 photos of 5078 50 Street.

Our records indicate that 5078 50 Street was built in 1928.

The full address for this home is 5078 50 Street, Camrose, AB T2V 1R2.

5078 50 Street has been listed on Realty.com since Sat September 06, 2025

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 22/100, Transit Score: 0/100, Bike Score: 36/100.

Listing provided courtesy of: CIR Realty (tel: 403-294-1500)
Listing agent: Joseph Belland (tel: 403-923-2863)

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