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Hotel-Motel

Great House Motel

740 E Washington St, Sequim, WA 98382

Listing Price: $1,300,000

Cap Rate
9.86%
Number of Rooms
20
RevPAR
$46
Price/Room
$65,000
RRM
3.83
Year Built
1965

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Great House Motel (‘Hotel’ or ‘Property’) located in Sequim, WA. The independent hotel is offered at $1,300,000 or $65,000 per key.

The Great House Motel is a 20-room Hotel stationed at 740 E Washington St in Sequim, Washington, near Highway 101. With kitchenettes available in select rooms, the Property’s guest rooms all feature a television, microwave, and mini refrigerator.

Sequim, nestled in Washington State, offers an array of attractions and activities amidst its stunning landscapes. Travelers can explore the serene trails of the Olympic Discovery Trail or indulge in birdwatching and beachcombing at the captivating Dungeness Spit and Dungeness National Wildlife Refuge. Lavender enthusiasts flock to the region during summer for the Lavender Festival and visits to the B&B Lavender Farm. The area boasts historical landmarks like the New Dungeness Lighthouse and the John Wayne Marina, offering glimpses into the region's past. Nature lovers can immerse themselves in the beauty of Olympic National Forest, visit the Olympic Game Farm, and revel in the natural surroundings at Cline Spit County Park. The Dungeness River Audubon Center offers educational experiences, while the Graymarsh Berry Farm entices visitors with its berry picking activities. The Northwest Native Expression Art Gallery showcases indigenous art, and the Dungeness Recreation Center provides recreational opportunities, making Sequim a delightful destination for diverse interests.

Investment Highlights

  • 20-Room, Select-Service, Independent Hotel
  • Located Less Than a Mile from Sequim Botanical Garden, Carrie Blake Park, and James Center for the Performing Arts
  • Situated 26 Miles from Jefferson County International Airport
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Hotel-Motel

Great House Motel

Listing Price: $1,300,000

Cap Rate
9.86%
Number of Rooms
20
RevPAR
$46
Price/Room
$65,000
RRM
3.83
Year Built
1965

Investment Highlights

  • 20-Room, Select-Service, Independent Hotel
  • Located Less Than a Mile from Sequim Botanical Garden, Carrie Blake Park, and James Center for the Performing Arts
  • Situated 26 Miles from Jefferson County International Airport
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Great House Motel (‘Hotel’ or ‘Property’) located in Sequim, WA. The independent hotel is offered at $1,300,000 or $65,000 per key. The Great House Motel is a 20-room Hotel stationed at 740 E Washington St in Sequim, Washington, near Highway 101. With kitchenettes available in select rooms, the Property’s guest rooms all feature a television, microwave, and mini refrigerator. Sequim, nestled in Washington State, offers an array of attractions and activities amidst its stunning landscapes. Travelers can explore the serene trails of the Olympic Discovery Trail or indulge in birdwatching and beachcombing at the captivating Dungeness Spit and Dungeness National Wildlife Refuge. Lavender enthusiasts flock to the region during summer for the Lavender Festival and visits to the B&B Lavender Farm. The area boasts historical landmarks like the New Dungeness Lighthouse and the John Wayne Marina, offering glimpses into the region's past. Nature lovers can immerse themselves in the beauty of Olympic National Forest, visit the Olympic Game Farm, and revel in the natural surroundings at Cline Spit County Park. The Dungeness River Audubon Center offers educational experiences, while the Graymarsh Berry Farm entices visitors with its berry picking activities. The Northwest Native Expression Art Gallery showcases indigenous art, and the Dungeness Recreation Center provides recreational opportunities, making Sequim a delightful destination for diverse interests.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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