IN CONTRACT – Seller will consider offers in backup position only.
$4,200,000 | Midscale | Select-Service | 30 Keys
Updated Property With Leased Restaurant
Packwood Lodge is an independent, 30 key, select-service hotel with a leased restaurant. Extensive capital improvements, including 21 updated guest rooms or suites and 9 detached cabins. The property includes a lobby with a breakfast area, office, laundry room, and Owner’s Quarters. The ~2500 sq. ft. leased restaurant is hotel adjacent. Owner’s Quarters is ~1000 sq. ft., 2 bedrooms, 1 bathroom, ample living area, a full kitchen, extra storage, and private entrance.
Rooms and suites, fully remodeled in 2015 include flatscreen TVs, mini-fridges, microwaves, and coffee makers. In addition, high-speed wireless internet is available throughout the lodge. Cabins, completed in 2019, feature a kitchenette, dining area, jacuzzi tub, bathroom with shower, and outdoor decking.
Located along the Highway 12 corridor, the hotel has highway visibility and easy access. Just 2.5 hours from Portland and Seattle metropolitan areas, the hotel is 4 miles from the Mt. Rainier National Park entrance, attracting visitors year-round.
Packwood Lodge Location
Packwood, Washington is located centrally between Mt. Rainier, Mt. St. Helens, and Mt. Adams, just minutes from the entrance to Mt. Rainier National Park. Packwood’s small-town charm appeals to visitors from all over the world. Year-round demand drivers include hiking, hunting, fishing, bird and wildlife watching, skiing, snowboarding, snowmobiling, and outdoor recreational areas. Packwood is an easy 2 to 3-hour drive from Portland or Seattle, making it a popular weekend getaway destination, drawing from these major metropolitan urban populations.
- 11.07% Cap Rate, 26.57% ROI & 3.96 GRM
- Proximity to Major Metro Seattle & Portland
- Highway Frontage in Resort Area
- Extensive Capital Improvements
- Mix of Hotel Rooms & Detached Cabins
- Includes Leased Restaurant
- Near Entrance To Mt. Rainier National Park
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!
Broker Co-op Agreement
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.
Photos of Packwood Lodge
Request the Offering Memorandum below for detailed information and photos of this property.
Packwood Lodge Map
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