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Freeway Visibility and Proximity
This well maintained independent hotel on Highway 126 on the outskirts of Eugene features 67 nicely outfitted rooms and suites with excellent freeway visibility and access. The hotel offers hot breakfast, seasonal pool and year ’round spa and a variety of room configurations. The property is situated on approximately 1.5 acres off the freeway with good proximity to University of Oregon as well as major business demand drivers. It is near recreational draws such as wineries and attracts group business from athletic events at the nearby swim and sports complexes.
The property is across the freeway from Springfield Municipal Airport and the Mohawk District is the hub of Springfield business and community offering a vibrant and lively area for guests. The Willamette Valley of Oregon is mild and pleasant and offers outstanding quality of life for an owner/operator. While the Springfield/Eugene MSA has the small town appeal and outdoor recreational opportunities of rural Oregon, it is the 2nd largest MSA in the State of Oregon. It offers excellent proximity via Interstate 5 to the major metro markets of Portland and Salem.
The area offers the most hotel rooms between San Francisco and Portland and attracts visitors year ’round. It is a location well suited to draw clientele from throughout the area as well as nationally and internationally. The property offers a solid value for new owners as well as future upside. Current owner manages from out of state and the property is well suited for a franchise or soft brand. High barrier to entry market with limited development parcels and strong demand for mid-range rooms. Tremendous potential with re-positioning and management of guest expectations and online content.
Special Property Features Include:
- Highway 126 Frontage
- University of Oregon
- 2nd Largest MSA in Oregon
- Year Round Demand Drivers
- 67 Rooms and Suites
- Restaurant – Run or Lease
- 1.49 Acres
- Near Springfield Airport
Property Details
Keys: 67
Location: Metro, Highway
City: Springfield
State: Oregon
ZIP: 97477
Type: Independent, Full Service
Cap Rate: 8.25%
GRRM: 4.69
ROI/Cash Flow: 12.50%
Financing: New
Additional Features:
Pool / Spa, Restaurant, City Center, Exterior Corridor, Highway Access, Truck Parking, Meeting Room, Banquet Facilities, Conference Center, Bar
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