$900,000 sale of former Quality Inn officially complete
Eight months after the City of Prince Albert took possession of the shuttered Quality Inn, the nearly $900,000 weight left by the building’s previous owner has been lifted off P.A. taxpayers’ shoulders. A new buyer is ready to move forward with a bold new vision for the downtown property.
City manager Jim Toye told paNOW the sale of the hotel, approved by council in the fall, officially closed late Tuesday.
“Nearly $900,000 of city costs and unpaid taxes have now been recovered,” Toye told paNOW, adding that the buyer has also been reimbursing the city for operational costs at the building since October 2020.
Toye explained Cumberland House Cree Nation is the shareholder of the company buying the hotel, Saskatchewan River Business Corporation. Initially the proposed buyer, who paid $857,142.86 plus GST for the property, was described as Cumberland Crossing in city documents.