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Hotel-Motel

Best Western Premier Keizer/Salem

5188 Wittenberg Ln NE, Keizer, OR 97303

Listing Price: $14,600,000

Cap Rate
7.00%
Number of Rooms
86
RevPAR
$101
Gross SF
68,457
Price/Room
$169,767
Price/Gross SF
$213.27
Year Built
1997

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Premier Keizer/Salem, a well-appointed, franchised hotel located in Keizer, Oregon, just five miles to Oregon's state capital city of Salem.

The property was converted to a Best Western Premier in 2021 and offers amenities including an onsite restaurant, heated indoor pool & spa, lobby bar, fitness center and guest laundry facilities. Business amenities include a business center and more than 6,600 square feet of event space.

The Best Western Premier Keizer/Salem represents the opportunity to acquire an upscale, franchised hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Salem/Mid-Willamette Valley region.

Investment Highlights

  • Well-Appointed, Four-Story, Franchised Hotel Situated on a Large 3.65-Acre Lot
  • Converted to Best Western Premier in 2021
  • Ideally Located Off Interstate 5, Just 5 Miles to Salem (Oregon's Capital), and 1 Hour to Downtown Portland
  • Within 5 Miles of Oregon State Hospital, Salem Hospital, Willamette University and Salem Convention Center
  • Nearby Attractions Include Keizer Stadium, Oregon State Fair & Exposition Center, Oregon State Capitol, Minto-Brown Island Park and More

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Hotel-Motel

Best Western Premier Keizer/Salem

Listing Price: $14,600,000

Cap Rate
7.00%
Number of Rooms
86
RevPAR
$101
Gross SF
68,457
Price/Room
$169,767
Price/Gross SF
$213.27
Year Built
1997

Investment Highlights

  • Well-Appointed, Four-Story, Franchised Hotel Situated on a Large 3.65-Acre Lot
  • Converted to Best Western Premier in 2021
  • Ideally Located Off Interstate 5, Just 5 Miles to Salem (Oregon's Capital), and 1 Hour to Downtown Portland
  • Within 5 Miles of Oregon State Hospital, Salem Hospital, Willamette University and Salem Convention Center
  • Nearby Attractions Include Keizer Stadium, Oregon State Fair & Exposition Center, Oregon State Capitol, Minto-Brown Island Park and More

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Premier Keizer/Salem, a well-appointed, franchised hotel located in Keizer, Oregon, just five miles to Oregon's state capital city of Salem. The property was converted to a Best Western Premier in 2021 and offers amenities including an onsite restaurant, heated indoor pool & spa, lobby bar, fitness center and guest laundry facilities. Business amenities include a business center and more than 6,600 square feet of event space. The Best Western Premier Keizer/Salem represents the opportunity to acquire an upscale, franchised hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Salem/Mid-Willamette Valley region.

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

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