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Ashley Inn, Lincoln City – SOLD!

Ashley Inn Exterior

Description

Outstanding independent boutique hotel well located at the north end of very popular Lincoln City on Highway 101 a mile from the Casino. Extensive, updated room and property amenities including flat screen tv’s, wi-fi, spa suites, meeting space and saltwater pool & spa. Shuttle to the casino for added guest convenience. Terrific location on Highway 101 on the North End of town. Well run currently, there is ample upside for a new owner and opportunity to brand if desired. Good proximity to restaurants and outlet shopping,

Lincoln City is the most popular destination on the Oregon Coast attracting hundreds of thousands of visitors each year. Host to a variety of seasonal festivals and activities, the town also features a large outlet shopping center, casino and numerous excellent dining options.

Special Property Features Include:

  • Highway 101 Frontage
  • Near Casino, Restaurants and Shopping
  • Professional Management in Place with Strong Upward Income Trend
  • Indoor Saltwater Pool and Spa – Interior Corridor
  • 1.46 Acres in Popular Lincoln City

Property Details

Price: $3,900,000
Keys: 74
Location: Resort, Coastal
City: Lincoln City
State: OR
ZIP: 97367
Status: SOLD
Type: Select Service, Independent, Boutique
Cap Rate:
GRRM:
ROI/Cash Flow:
Financing:

Additional Features:

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