Ideally Situated Motor Lodge in the Heart of Central Oregon
Historic Sisters Motor Lodge is an 11 key, select service, economy motel with a cell tower. The property consists of 5 well-maintained exterior corridor buildings on ~0.73 acres of land. In continuous operation since 1938, the motel is ideally situated close to downtown Sisters, and just a short walk to shops, outdoor venues, festivals, restaurants, and businesses. The site includes an outdoor hot tub, courtyard BBQ, sitting area, and abundant parking. With spectacular views of the mountains, guest room mix includes a variety of Deluxe King and Queen rooms, kitchenettes, or full kitchens, and several private decks. The property also features a ~1250 sq.ft., 2 bedroom, 1 bath home remodeled in 1996 with wood floors and modern kitchen. Perfect for on-site Owner’s/Manager’s Quarters & office area. There is a laundry room/cleaning facility, 3 garages for storing tools and maintenance supplies. Property offers potential for significant development, contact Broker to discuss. Adjacent land may be available for expansion or development at an additional cost. Listing includes 1 cellular tower located on the property with ~13 years remaining on the lease.
Sisters, Oregon is a wonderland of lakes, mountains, and rivers sitting between the high desert and the spectacular Cascades mountain range. Outdoor enthusiasts can enjoy hiking, flyfishing, paddleboarding, mountain biking, bird-watching, skiing, and horseback riding. This small town offers visitors world-class lodgings, relaxing spas, and the arts and crafts of Sisters in mom-and-pop shops. Sisters is a center of arts and culture, offering events and activities of international renown, from the venerable Sisters Rodeo to the acclaimed Sisters Outdoor Quilt Show or the Sisters Folk Festival.
Special Property Features Include:
- One Block from Downtown Sisters
- Hwy 20 & Hwy 242 Visibility & Access
- Potential Development Opportunity
- Near Hoodoo & Mt. Bachelor Ski Areas
- Walking Distance to Restaurants & Shops
- Spacious On-site Owner’s Quarters
Location: Mountain, Highway
Type: Select Service, Independent
Cap Rate: 6.79%
ROI/Cash Flow: 5.57%