Hotel-Motel
Extended Stay America Turn-Key Repositioning Opportunity
1215 N Hayden Meadows Dr, Portland, OR 97217
Listing Price: $19,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the leasehold estate of the Extended Stay America Turn-Key Repositioning Opportunity, a three-story interior corridor hotel located in north Portland. Amenities include a heated outdoor pool, fitness center, outdoor patio with seating, complimentary breakfast, guest laundry facilities, game room and EV chargers. The hotel also benefits from rooftop solar panels that help cut down on carbon footprint, making property the first hotel in Portland to utilize clean energy.
The subject property, currently the Inn at the Meadows, will be delivered to the purchaser as a turn-key Extended Stay Premier property. As of July 2023, the current owner is in the process of completing the ESA PIP. The current owner will be completing all PIP items before handing the property over to the purchaser.
The offering represents the opportunity to acquire a newly converted hotel in a growing market near several demand drivers. Our Pro Forma analysis assumes the subject property will gain full extended stay market share under a new experienced ownership supported by the increasing population and demand growth in the Portland market.
The subject property is a leasehold estate with 44 years remaining.
Investment Highlights
- Three-Story Franchised Hotel in the Desirable Portland Market
- Property will be Delivered Turn-Key Upon New Conversion to Extended Stay Premier
- Excellent Location off of Interstate 5 in North Portland
- Less than a Mile from Portland Int'l Raceway, Delta Park, Portland Expo Center and the Columbia River
- Several New Commercial Developments in the Market
- Other Nearby Attractions include Hayden Island, Moda Center (Home to NBA'S Trailblazers), Veterans Memorial Coliseum, OMSI and More
- Short Drive to Several Universities and Medical Centers
- 6 Miles to Portland Int'l Airport (14M+ Passengers in 2022)
Exclusively Listed By
Broker of Record
Financing By
Hotel-Motel
Extended Stay America Turn-Key Repositioning Opportunity
Listing Price: $19,500,000
Investment Highlights
- Three-Story Franchised Hotel in the Desirable Portland Market
- Property will be Delivered Turn-Key Upon New Conversion to Extended Stay Premier
- Excellent Location off of Interstate 5 in North Portland
- Less than a Mile from Portland Int'l Raceway, Delta Park, Portland Expo Center and the Columbia River
- Several New Commercial Developments in the Market
- Other Nearby Attractions include Hayden Island, Moda Center (Home to NBA'S Trailblazers), Veterans Memorial Coliseum, OMSI and More
- Short Drive to Several Universities and Medical Centers
- 6 Miles to Portland Int'l Airport (14M+ Passengers in 2022)
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the leasehold estate of the Extended Stay America Turn-Key Repositioning Opportunity, a three-story interior corridor hotel located in north Portland. Amenities include a heated outdoor pool, fitness center, outdoor patio with seating, complimentary breakfast, guest laundry facilities, game room and EV chargers. The hotel also benefits from rooftop solar panels that help cut down on carbon footprint, making property the first hotel in Portland to utilize clean energy. The subject property, currently the Inn at the Meadows, will be delivered to the purchaser as a turn-key Extended Stay Premier property. As of July 2023, the current owner is in the process of completing the ESA PIP. The current owner will be completing all PIP items before handing the property over to the purchaser. The offering represents the opportunity to acquire a newly converted hotel in a growing market near several demand drivers. Our Pro Forma analysis assumes the subject property will gain full extended stay market share under a new experienced ownership supported by the increasing population and demand growth in the Portland market. The subject property is a leasehold estate with 44 years remaining.
Exclusively Listed By
Broker of Record
Financing By

