Select Service Independent Hotel between Ellensburg and the Snoqualmie Pass
This 33-key property offers strong current cash flow and outstanding future opportunity for a hands on operator. 11.9% cap rate on 2013 actuals, 31% cash ROI for 2013 with 20% down at current commercial mortgage rates. Property offers nice mix of room, good amenities for guests and truck/bus parking and excellent proximity to outdoor activities and demand drivers.
Cle Elum is a resort town off Interstate-90 between Ellensburg, Washington, and the Snoqualimie Pass en route to the Seattle Metro Area. Cle Elum offers high quality of life and abundant year round activities.
Special Property Features Include:
- 33 keys
- 11.9% Actual Cap Rate
- 31% Cash ROI
- Four extended stay units
- Remodeled in 1997
Property Details
Price: $950,000
Keys: 33
Location: Resort, Highway
City: Cle Elum
State: WA
ZIP: 98922
Keys: 33
Location: Resort, Highway
City: Cle Elum
State: WA
ZIP: 98922
Status: SOLD!
Type: Select Service, Independent
Cap Rate: 11.9%
GRRM:
ROI/Cash Flow: 31%
Financing: New
Type: Select Service, Independent
Cap Rate: 11.9%
GRRM:
ROI/Cash Flow: 31%
Financing: New
Additional Features:
Exterior Corridor, Highway Access, Mountain Views
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