Midscale Boutique Hotel on the Oregon Coast
The Landmark Inn is a 12 key independent midscale hotel ideally situated near downtown Florence, with easy access to major tourist thoroughfare Highway 101. Property includes 2 exterior corridor buildings on 2 tax lots, as well as a spa building for guest use. The hotel is well-maintained and features beautifully appointed rooms with a mix of King and Queen Suites, kitchenette rooms, and spa suites. Second floor 1 Bedroom/1 Bathroom Owner’s Quarters is available for on-site Owner/Manager. Extra rooms, as well as Owner’s Quarters, can be converted to create additional keys for further upside potential. Located near Florence’s historic Old Town/Waterfront District, the Landmark Inn’s year-round demand drivers include the beaches and the marina, seasonal open-air market, outstanding restaurants, art galleries, shops, boutiques and the Siuslaw Pioneer Museum.
With a prime location on the Central Oregon Coast at the mouth of the Siuslaw River, Florence offers all of the region’s perks in one visit. From freshwater lakes and miles of coastal sand dunes to world-class landmarks like Heceta Head Lighthouse and the Sea Lion Caves, Florence is a favorite destination for foodies, adventurers, and dreamers.
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!
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.
Special Property Features Include:
- Centrally Located in Tourist Destination
- 1 Bedroom / 1 Bath Owner’s Quarters
- Easy Access Off of Hwy 101
- Well Maintained Property
- Potential for Expansion/Additional Rooms
Location: Coast, Highway
Type: Select Service, Independent, Boutique
Cap Rate: 9.54%
ROI/Cash Flow: 18.93%