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Red Lion Inn & Suites – Sold 2014

Red Lion Inn and Suites Kennwick Washington

City Center Franchised Hotel

9.63% Cap Rate and 19.4% cash ROI. Newer build, updated throughout and generating excellent cash flow. Near convention center in the heart of one of the fastest growing regions of Washington State. Beautiful property inside and out, excellent opportunity for a new owner to own recent build in hot market!

DO NOT CONTACT OWNER, EMPLOYEES or venture on-site without previous arrangement.

Special Property Features Include:

  • 61 Keys
  • National Franchise
  • 9.63% Cap Rate
  • 19.4% ROI

Property Details

Price: $4,750,000
Keys: 61
Location: Metro
City: Kennwick
State: WA
ZIP: 99336
Status: SOLD!
Type: Select Service, Franchised
Cap Rate: 9.63%
GRRM:
ROI/Cash Flow: 19.4%
Financing: New

Additional Features:
City Center, Events Facilities, Highway Access, Interior Corridor, Near Convention Center

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