Hotel-Motel
Shilo Inns Newport Oceanfront
536 SW Elizabeth St, Newport, OR 97365
Listing Price: Request For Offer
Investment Overview
The Shilo Inn Suites Hotel Newport is an upper midscale hotel featuring 179 spacious guest rooms and several amenities such as an indoor pool, laundry service, and business center. The Property is a four-story interior corridor hotel located in Newport, Oregon. The Property is visible from U.S Route 101 and located nearby some of Newport’s primary demand generators, including Historic Nye Beach, Yaquina Bay Bridge, Yaquina Head Lighthouse, Hatfield Marine Science Center, and Oregon Coast Aquarium.
In 2024, the hotel achieved a revenue per available room (RevPAR) penetration rate of only 32 percent. This indicates a significant opportunity for a potential investor to enhance revenue generation and implement effective expense management strategies, positioning the asset for substantial return on investment.
Listing Price: Request For Offer
Investment Highlights
- High-Quality Asset in Exceptional Condition
- Prime Location with Easy Access to Market Demand Generators
- Strong Revenues with Room for Growth
- Value Add Opportunity
- Clean Offering
Investment Overview
The Shilo Inn Suites Hotel Newport is an upper midscale hotel featuring 179 spacious guest rooms and several amenities such as an indoor pool, laundry service, and business center. The Property is a four-story interior corridor hotel located in Newport, Oregon. The Property is visible from U.S Route 101 and located nearby some of Newport’s primary demand generators, including Historic Nye Beach, Yaquina Bay Bridge, Yaquina Head Lighthouse, Hatfield Marine Science Center, and Oregon Coast Aquarium. In 2024, the hotel achieved a revenue per available room (RevPAR) penetration rate of only 32 percent. This indicates a significant opportunity for a potential investor to enhance revenue generation and implement effective expense management strategies, positioning the asset for substantial return on investment.
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