This property is SOLD! Please contact us for similar offerings.
Historic Balch Hotel
Beautifully appointed historic hotel with 18 guest rooms and suites, some with shared baths and elegant Northwest cuisine dining room used for special events and guest Chef dinners. Exceptional and popular wedding and event venue. Built in 1907 and meticulously restored to its former grandeur with magnificent views of Mt. Hood, in the quaint town of Dufur, Oregon. Tremendous opportunity for new owner to expand offerings, take marketing to the next level and continue to build on existing business. Business has been growing steadily. Owner will consider partnership options as well as sale. Owner financing possible for well qualified buyer with appropriate down payment.
7.5% Cap Rate on Trailing Twelve Month P&L
9.85% Cash Return on Investment with proposed terms
Special Property Features Include:
- Owner Financing Possible
- Meticulously Restored Historic Hotel
- Exceptional Wedding and Event Venue
- Mt. Hood Views
- Columbia Gorge and Hood River Valley Destination Locale
- Easy Drive from Portland and Bend
Property Details
Keys: 18
Location: Resort, Rural
City: Dufur
State: Oregon
ZIP: 97021
Type: Select Service, Independent
Cap Rate: 7.5%
GRRM:
ROI/Cash Flow: 9.85%
Financing: Owner Financing Possible
Additional Features:
Banquet Facilities, Columbia Gorge, Events Facilities, Historic, Mountain Views, Owner Financing, Weddings
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