In Contract – Seller will consider back-up offers only
Upscale Mountain Resort
20+ Keys. Upscale Washington select service resort on Mt. Rainier in the heart of year round recreation opportunities with excellent ski area proximity in the Cascade Range in Northwest Washington. An hour from SEA-TAC and Seattle Metro. Trip Advisor Certificate of Excellence, AAA 3-Diamond, T+L acclaim and numerous other guidebook recommendations. 3.25x Gross. 9.5% Cap Rate on 2015 Actuals. 16.45% Cash ROI with 25% down at current commercial mortgage rates. Several Hundred Thousand in recent upgrades and capital improvements. Forest Service Use Permit for land. Strictly confidential – Confidentiality and POF required prior to providing information.
Building size is approximate. All information is obtained from sources deemed reliable by subject to buyer verification. All property tours must be arranged through broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Special Property Features Include:
- 9.50% Actual Cap Rate
- 16.45% Cash ROI with 25% down
- AAA 3-Diamond Resort
Location: Mountain, Resort
City: Mt. Rainier
Type: Select Service, Independent, Boutique
Cap Rate: 9.50%
ROI/Cash Flow: 16.45%
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