Skip to main content

Hotel-Motel

Quality Inn & Suites Bainbridge Island

920 Hildebrand Ln NE, Bainbridge Island, WA 98110

Listing Price: $5,400,000

Number of Rooms
45
RevPAR
$57
Gross SF
99,752
Price/Room
$120,000
Price/Gross SF
$54.13
Year Built
1993

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn & Suites Bainbridge Island, a two-story limited service hotel located on Bainbridge Island, Washington. Bainbridge Island borders the main body of Puget Sound and is a short ferry ride from downtown Seattle. The Seattle market is host to several corporate headquarters, sporting venues and other attractions including Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium. The hotel's 45 guest rooms include a flat-screen TV, work desk and closet. Hotel amenities include a heated outdoor pool & spa, business center and complimentary breakfast. The Quality Inn & Suites Bainbridge Island represents the opportunity to acquire a Choice-branded hotel in a desirable market near several demand generators. Current ownership is absentee, providing upside to a savvy hands-on investor. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Puget Sound. Proposed Apartment Building The offering includes development plans to an additional 20-unit apartment building on site as added upside to the investment. (see Listing Agent for details).

Investment Highlights

  • Recent Renovations Completed from 2018 to 2020
  • Located in the Seattle Metropolitan Statistical Area (MSA)
  • The Seattle Market Benefits from Corporate and Leisure Demand
  • Nearby Attractions Including Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium

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

Quality Inn & Suites Bainbridge Island

Listing Price: $5,400,000

Number of Rooms
45
RevPAR
$57
Gross SF
99,752
Price/Room
$120,000
Price/Gross SF
$54.13
Year Built
1993

Investment Highlights

  • Recent Renovations Completed from 2018 to 2020
  • Located in the Seattle Metropolitan Statistical Area (MSA)
  • The Seattle Market Benefits from Corporate and Leisure Demand
  • Nearby Attractions Including Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn & Suites Bainbridge Island, a two-story limited service hotel located on Bainbridge Island, Washington. Bainbridge Island borders the main body of Puget Sound and is a short ferry ride from downtown Seattle. The Seattle market is host to several corporate headquarters, sporting venues and other attractions including Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium. The hotel's 45 guest rooms include a flat-screen TV, work desk and closet. Hotel amenities include a heated outdoor pool & spa, business center and complimentary breakfast. The Quality Inn & Suites Bainbridge Island represents the opportunity to acquire a Choice-branded hotel in a desirable market near several demand generators. Current ownership is absentee, providing upside to a savvy hands-on investor. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Puget Sound. Proposed Apartment Building The offering includes development plans to an additional 20-unit apartment building on site as added upside to the investment. (see Listing Agent for details).

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

MM Texture Background
MM Textured Background Lower