Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the El Dorado Inn Motel (‘Hotel’ or ‘Property’) located in Baker City, Oregon. The independent Hotel is offered at $2,200,000 or $40,741 per key. The El Dorado Inn Motel is a 54-room, two-story Hotel stationed at 695 Campbell Street in Baker City, Oregon, just off Interstate 84. Various common area amenities at the Property include an indoor swimming pool, business center, and ample parking. Baker City, Oregon is located in the eastern part of Oregon and known for its rich history, outdoor recreation opportunities, and beautiful scenery. The city is situated along the historic Oregon Trail, which now features the National Historic Oregon Trail Interpretive Center, a museum showcasing the history and stories of the pioneers who traveled the Oregon Trail, and the trailhead of the Oregon Trail. Outdoor recreation is a popular activity in Baker City, with opportunities for fishing, hiking, camping, and skiing in the surrounding area. The nearby Elkhorn Mountains offer miles of trails for hiking and mountain biking, and the Baker City Sportsman’s Park is a popular spot for fishing and picnicking. In the winter, the nearby Anthony Lakes Mountain Resort is a popular ski destination. In addition to its recreational opportunities, Baker City is known for its charming downtown area, which features historic buildings, unique shops, and popular restaurants. The city also hosts several events throughout the year, including the Baker City Farmers Market, the Eastern Oregon Beer Festival, and the Baker City Historic Home Tour. In 2022, the limited-service Hotel record room revenues of over $580 thousand and a net operating income just over $165 thousand, or 27.5 percent of total revenues, after a 4 percent capital replacement reserve. The Property has been thoughtfully maintained by current ownership with over $400 thousand in capital expenditures for new carpets, PTAC window units, CRM technology, water heater, washer, PBX, and reservations system. Furthermore, the Hotel has plans to upgrade its technology even more with the installation of fiber optics. Renovations for the pool are nearing completion and will feature a new wall and pool windows. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR from better revenue management, not only benefiting from increased market share but also higher NOI flow-through.