• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Crystal Investment Property

The Northwest Hospitality Specialists

CIP "The Northwest Hospitality Specialist"
  • Home
  • About Us
    • Our Team
    • Consulting
    • Certified Hotel Broker
    • Hotel Brokers Int’l
  • Buying a Hotel
    • Available Properties
    • Buyers Overview
    • Buyers Services
    • Buying a Property – The Process
    • Find Your Investment Style
      • Property Overview
      • Bed & Breakfast
      • Boutique
      • Franchised
      • Full-Service
      • Select-Service
      • Independent
    • Confidentiality Agreement
    • Disclosures
    • Ready to Buy – Contact Form
  • Sellers
    • Sellers Overview
    • Sellers Services
    • Consulting
    • Selling a Property – The Process
  • Disclosures
  • News
    • Press Releases
    • COVID-19 Resources
  • Contact
    • Email Us
    • Ready to Buy – Contact Form
    • Ready to Sell – Contact Form
    • Property Valuation Analysis
    • Online Confidentiality Agreement
You are here: Home / Listing Search Results

Howard Johnson Inn – SOLD!

Howard Johnson Inn, Salem, Oregon

SOLD! This property has been sold! Please contact us for similar offerings.

Economy Franchise Ideally Located in the Heart of Salem Oregon

The Howard Johnson Inn is a 69 Key franchised economy scale hotel with interior corridors. Franchise is transferable for qualified Buyer! Property features on-going capital improvements, and a 1 Bedroom / 1 Bathroom Owner’s Quarters, perfect for an Owner/Operator or on-site Manager. On-premises facilities include an outdoor pool, breakfast area, exercise room, guest laundry, truck/bus/RV parking and a business center for visitor convenience. This property is well located just a mile from downtown Salem with easy access to I-5 and Highway 22, a main thoroughfare for visitors to Salem’s downtown core. Just minutes from the Oregon State Capital, Oregon Expo Center, and Willamette University, the Howard Johnson Inn attracts both business and leisure guests. Restaurants, museums, and shopping, along with a variety of outdoor activities and year-round demand drivers, make this an attractive property location.

Salem, Oregon is located in the Mid-Willamette Valley, a fruitful slice of the Pacific Northwest that encompasses the state’s capital city as well as Marion and Polk counties. The Willamette Valley is known for its winding trails and waterfalls, craft breweries and wineries by the dozen, a free-spirited arts and culture scene, and farm-fresh ingredients that make for some of the best dining in all of Oregon.

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 broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Buyers Brokers must obtain fee from Buyer, no co-op.

Special Property Features Include:

  • Centrally Located Near Downtown Salem
  • Easy Access to Highway I-5 & Highway 22
  • Solid Financials & Trending Upwards
  • 1 Bed / 1 Bath Owner’s Quarters
  • Franchise is Transferable for Qualified Buyer
  • Updated Interior Corridor Property

Property Details

Price: $5,800,000
Keys: 69
Location: Metro, Highway
City: Salem
State: OR
ZIP: 97302
Status: SOLD
Type: Franchised, Select Service
Cap Rate:
GRRM:
ROI/Cash Flow:
Financing:

Additional Features:
City Center, Exercise Room, Franchised, Near Convention Center, Owner / Manager Quarters, Pool / Spa, Truck/RV/Bus Parking, Willamette Valley

Property Map

Contact Us About this Property

Rest assured your information is kept private and used for CIP contact purposes only - it is NEVER given/sold to third parties!

"*" indicates required fields

Name*
I am a...*
Are you currently in a IRC 1031 Exchange?*
E-News & Property Updates
Terms & Conditions*

Property Search

Carson Ridge Luxury Cabins
$4,200,000Carson, WA 98610View Listing
Confidential Property
$12,500,000Confidential, OR View Listing
Wingate By Wyndham Spokane Airport
$7,950,000Spokane, WA 99224In ContractView Listing
The Landing Hotel
$22,000,000Ketchikan, AK 99901View Listing

Latest News

  • CIP Arranges The Sale of Clarion Hotel & Suites Fairbanks
  • CIP Brokers The Sale of SureStay Plus Moses Lake
  • Hospitality Market Outlook for 2023
  • Crystal Investment Property Arranges The Sale of Chewuch Inn & Cabins

Quick Links

  • Just For Buyers
  • Just For Sellers
  • Agency Disclosures
  • Legal
  • Site Map
  • Online Confidentiality Agreement

Proud Member

CIP is a member of Hotel Brokers International ORLA Logo Washington Hospitality Association Logo Montana Lodging and Hospitality Association Logo

CONTACT US

503-530-1316 {phone}

503-214-8539 {fax}


600 NE 99th Street

Vancouver, WA 98665


Office Hours:

Monday - Thursday

9:00 AM - 5:00 PM

Friday

By Appointment

Get Social With Us!

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

COPYRIGHT ©2021 CRYSTAL INVESTMENT PROPERTY, LLC. ALL RIGHTS RESERVED

Oregon Agency Disclosure | Washington Agency Disclosure | Idaho Agency Disclosure | Montana Agency Disclosure