SOLD! This property has been sold! Please contact us for similar offerings.
Updated Midscale Hotel with Opportunity for Expansion
The Olympic View Inn is a 51 Key independent midscale hotel with strong current financials and an excellent opportunity to franchise, if desired, in the future. 2 exterior corridor buildings on 4 tax lots with excess land included creating huge upside potential for possible expansion, pool, or dual brand. The hotel features newly remodeled and beautifully appointed rooms as well as extensive capital improvements. Guest amenities include a conference room and fitness center. Two rooms used as an office, along with kitchenette room can easily be combined to create on-site Owner’s Quarters if needed. Property is fronting Highway 101 for ease of access and is centrally located to restaurants, museums, casino, wildlife areas, and shopping.
Sequim Washington is called the “banana belt” of Western Washington. It’s warmer there. Rain touches the ground a mere 65 days a year because the town lies in the rain shadow of the scenic Olympic Mountains. Sequim (pronounced “squim” rhyming with swim), located on the Olympic Peninsula, is a perfect getaway. Located just 2 hours from major metro Seattle and SEATAC airport, and situated near the gateway to the Olympic National Park, in the resort town and retirement mecca of Sequim. Visitors enjoy meandering country roads, local seafood, lavender fields, and endless outdoor activities and wildlife.
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!
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:
- City Center Fronting Scenic Hwy 101
- Gateway to the Olympic Peninsula
- Year-round Destination Demand Drivers
- Opportunity to Franchise
- 2 hrs from Seattle & SEATAC Airport
- Excess Land Creates Huge Upside Potential
Property Details
Keys: 51
Location: Resort, Washington
City: Sequim
State: WA
ZIP: 98382
Type: Select Service, Independent
Cap Rate:
GRRM:
ROI/Cash Flow:
Financing:
Additional Features:
Exterior Corridor, Highway Access, Meeting Room, Exercise Room, Midscale
