Camas Hotel

IN CONTRACT – Seller will consider offers in backup position only.

$2,950,000 | Upscale | Select-Service | 23 Keys

Independent Hotel in the Heart of Historic Downtown

Camas Hotel is a 23 key, select-service hotel offering luxury rooms in the heart of historic Camas. This independent hotel seamlessly blends character details into upscale, interior corridor rooms. Guest amenities include a business center, guest laundry, wifi, and complimentary breakfast.

King and Queen Ensuite rooms draw visitors from the nearby major metro areas, and out of state. European-style rooms with shared bathrooms appeal to the diverse Pacific Northwest traveler demographic.

A cornerstone of the neighborhood, Camas Hotel is highly visible and accessible. A light-filled atrium at the Camas Hotel features event space for gatherings of up to 25 people.

The property includes leased restaurant and leased retail spaces at street level. The hotel has a 2 Bedroom/1 Bathroom Owner/Manager Quarters with a living room, kitchen, and private entrance. Owner/Manager Quarters can be used for rental income if desired.

The property, located in the Columbia River Gorge, is a short drive from Portland metro. Proximity to Portland International Airport makes the hotel a jumping-off point for travelers.

Camas Hotel Location

The historic town of Camas, Washington has transformed itself into a luxury getaway. Camas’ charming downtown is home to boutiques, galleries, breweries, restaurants, and antique malls. Gateway city to the Columbia River Gorge, Camas has something for everyone. Day trips include Multnomah Falls, Columbia River Gorge Wine Tasting, Mt. St Helen’s National Park, and the Oregon Coast.

Property Features

10.05% Cap Rate, 18.64% ROI & 4.85 GRM
Proximity to Major Metro PDX & Seattle
Historic Downtown Location
Leased Restaurant & Leased Retail Space
On-site Owner/Manager Quarters
Meeting/Event Space
Ensuite & European Style Rooms
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Property Details

Price: $2,950,000
Keys: 23
Location: Metro, Airport
City: Camas
State: WA
ZIP: 98607

Status: In Contract
Type: Independent, Select Service
Cap Rate: 10.05%
GRRM: 4.85
ROI/Cash Flow: 18.64%
Financing: New

Additional Features:
Owner / Manager Quarters, City Center, Interior Corridor, Historic, Events Facilities, Leased Restaurant, Leased Retail Space

Disclaimer

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!

Broker Co-op Agreement

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.