IN CONTRACT – This property is currently in contract, the seller will consider offers in backup position only.
Historic Boutique River View Hotel in the Heart of Astoria
The Oregon Coast’s premier boutique hotel offering simple luxury in the heart of historic downtown Astoria. The Commodore has been updated to seamlessly blend historic character details, in 18 crisp, modernist rooms. A combination of suites with deep, soaker tubs and cabins with shared bathrooms appeal to a diverse traveler demographic. Interior corridor, and centrally located, the property includes a leased restaurant at street level. Located near a commercial port, and just 2 hours from Portland, and an international airport, this hotel attracts a variety of visitors.
With Victorian-era homes etched into hills overlooking the Columbia River, this picturesque settlement (the oldest west of the Rockies) is a port city with Scandinavian flavor. Surrounded by forests, boasting three rivers and situated a stone’s throw away from the Pacific, Astoria is a fishing village-meets-Victoriana, chockablock with forts, museums, and great local brews.
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!
Please Note: Buyer’s Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.
Special Property Features Include:
- Centrally Located Downtown
- Interior Corridor with European-style Rooms
- Leased Restaurant
- River View Suites
- Exquisitely Restored Boutique Hotel
- Upside For Experienced Management
Location: Oregon, Coastal, Metro
Type: Independent, Select Service
Cap Rate: 13.03%
ROI/Cash Flow: 23.55%