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Hotel-Motel

Shilo Inns Newport Oceanfront

536 SW Elizabeth St, Newport, OR 97365

Listing Price: Request For Offer

Number of Rooms
179
RevPAR
$42
Year Built
1966

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.

The subject property has achieved an average total room revenue of over $2.6 M, and once stabilized, is expected to become a top performer. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through. Although the Property is in good condition, an impending renovation would present a significant value-add opportunity, further positioning the hotel as the submarket leader. The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

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

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Financing By

Hotel-Motel

Shilo Inns Newport Oceanfront

Listing Price: Request For Offer

Number of Rooms
179
RevPAR
$42
Year Built
1966

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. The subject property has achieved an average total room revenue of over $2.6 M, and once stabilized, is expected to become a top performer. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through. Although the Property is in good condition, an impending renovation would present a significant value-add opportunity, further positioning the hotel as the submarket leader. The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

Financing By

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