33% Interest in Oregon Coast Hotel

Lincoln County, OR

Oregon Coast Motel
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Asking Price: $1,275,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

33% Interest in Oregon Coast Hotel

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Business Description

Well-performing lodging asset with excellent financial history

Opportunity to purchase a 33% partial interest in the LLC that owns a well-performing hotel located on the Oregon Coast. Seller has provided the new buyer with a significant discount resulting in a CAP RATE of 11.2%. The hotel is currently under excellent management and has benefited from growth in revenue and net operating income year-over-year.

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Detailed Information

Location:
Lincoln County, OR
Real Estate:
Owned
Building SF:
20,319
Facilities:
This 43-guestroom property has an irreplaceable beachfront location with unencumbered views of the Pacific Ocean. Located off US Hwy 101, this property sits on a shelf just above sea level where significant marine life activity is in view for most of the year. This includes whale watching, beachcombing, exploring tide pools and listening to the sound of ocean against the rocks along the shore. Between this motel and the beach is access to the 804 Trail - head north a short way to 8 miles of sandy beaches. (Home Based)
Competition:
Yachats has been known as "The Gem of the Oregon Coast" and increasing population and tourism have helped to drive hotel rate growth in the community. Tourists to this region enjoy the numerous outdoor adventures including (but not limited to) hiking along the 804 Trail, visiting Cape Perpetua, crabbing in the nearby town of Waldport, or chartering a boat for fishing or whale watching.
Home-Based:
This business is Home-Based
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Business Listed By:
Brian Resendez, CCIM

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