IN CONTRACT – This property is currently in contract, the seller will consider offers in backup position only.
Updated Economy Hotel Just Blocks from the Beach
Rodeway Inn & Suites hotel is a 42 key, economy franchise hotel ideally situated 2.5 blocks from both the beach and the boardwalk. Accessible from Highway 101, this hotel is centrally located downtown near to restaurants, shops, and a variety of outdoor activities. Just 90 minutes from Portland Metro area, amenities include Seasonal Pool, Guest Laundry, High-Speed Internet (Wifi), and a mix of Kitchenette, Fireplace, & Pet-Friendly Rooms. Hotel features 2 Owner’s Quarters, and additional apartment, perfect for an Owner/Operator wanting flexible living space. Property has had on going updates and has no outstanding Property Improvement Plan (PIP) requirements.
Long Beach Washington’s 28-mile long expanse of white sand beach is exceptional. Grassy dunes, rocky cliffs, ancient trees, boardwalk, parks, and wildlife areas, as well as extensive trails, add to the natural appeal. Recreational offerings include horseback riding on the beach, kite flying, cycling, charter fishing, beach combing, wildlife watching, hiking, waterway access, and festivals throughout the year.
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:
- 2 Owner’s Quarters & Additional Apartment
- On Going Capital Improvements
- 90 Minutes to Portland Metro
- High Traffic Resort Location
- No Outstanding PIP
- Minutes to Local Tourist Attractions
Location: Coast, Highway
City: Long Beach
Type: Select Service, Economy, Franchise
Cap Rate: 8.32%
ROI/Cash Flow: 12.14%