IN CONTRACT – This property is currently IN CONTRACT with a Buyer in the first position. The Seller will consider offers in the second backup position only.
Nationally Recognized Franchise with I-5 Highway Location
The Best Western Cottage Grove Inn is a 41 key select service franchised midscale hotel. Updated in 2017 with extensive capital improvements and PIP complete. This interior corridor property is ranked in the top 5% of Best Western Hotels nationwide with possible automatic franchise transfer. The property features a large front desk and lobby, spacious breakfast area, business center, guest laundry, and highly sought after indoor pool and spa. Guest room mix includes a selection of Queen Singles and Queen Doubles, King Singles, Triple Full Bed family-friendly rooms, and accessible rooms. Conveniently located in the heart of the Willamette Valley, this property is highly visible with easy access to Interstate 5 (I-5) corridor with excellent proximity to downtown Eugene, University of Oregon, and airport. Guest amenities include in-room mini-refrigerator, microwave, television, high-speed internet (WiFi), and air conditioning, in this 100% smoke-free hotel.
Known as the covered bridge capital of Oregon, Cottage Grove is a bike-friendly community with classic American charm. With two rivers, two lakes, waterfalls, and nature trails…outdoor activities abound. Cottage Grove has twice received the All-American City Award. Visitors can pedal their way through the 37.8-mile Covered Bridges Scenic Bikeway, explore nearby hiking trails and waterfalls or visit the historic downtown for a monthly arts walk, seasonal farmers’ markets and a taste of small-town life.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
Special Property Features Include:
- Easy Access & Visibility from Interstate 5
- Major National Franchise with PIP Complete
- Top 5% of Best Westerns Nationwide
- Proximity to Downtown Eugene & Airport
- Recent Extensive Captial Improvements
- Possible Franchise Automatic Transfer
Location: Oregon, Highway
City: Cottage Grove
Type: Select Service, Franchised
Cap Rate: 9.95%
ROI/Cash Flow: 21.01%