Hotel-Motel
Quality Inn & Suites Bainbridge Island
920 Hildebrand Ln NE, Bainbridge Island, WA 98110
Listing Price: $5,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn & Suites Bainbridge Island, a two-story limited service hotel located on Bainbridge Island, Washington. Bainbridge Island borders the main body of Puget Sound and is a short ferry ride from downtown Seattle. The Seattle market is host to several corporate headquarters, sporting venues and other attractions including Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium.
The hotel's 45 guest rooms include a flat-screen TV, work desk and closet. Hotel amenities include a heated outdoor pool & spa, business center and complimentary breakfast.
The Quality Inn & Suites Bainbridge Island represents the opportunity to acquire a Choice-branded hotel in a desirable market near several demand generators. Current ownership is absentee, providing upside to a savvy hands-on investor. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Puget Sound.
Proposed Apartment Building
The offering includes development plans to an additional 20-unit apartment building on site as added upside to the investment. (see Listing Agent for details).
The Quality Inn & Suites Bainbridge Island is for sale in conjunction with The Marshall Suites. The properties can be sold individually or as a portfolio. Please see Agent for details.
Investment Highlights
- Portfolio Cap Rate: 7.7% | Portfolio Room Revenue Multiplier: 5.4x
- Recent Renovations Completed from 2018 to 2020
- Located in the Seattle Metropolitan Statistical Area (MSA)
- The Seattle Market Benefits from Corporate and Leisure Demand
- Nearby Attractions Include Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium
Exclusively Listed By
Broker of Record
Hotel-Motel
Quality Inn & Suites Bainbridge Island
Listing Price: $5,500,000
Investment Highlights
- Portfolio Cap Rate: 7.7% | Portfolio Room Revenue Multiplier: 5.4x
- Recent Renovations Completed from 2018 to 2020
- Located in the Seattle Metropolitan Statistical Area (MSA)
- The Seattle Market Benefits from Corporate and Leisure Demand
- Nearby Attractions Include Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn & Suites Bainbridge Island, a two-story limited service hotel located on Bainbridge Island, Washington. Bainbridge Island borders the main body of Puget Sound and is a short ferry ride from downtown Seattle. The Seattle market is host to several corporate headquarters, sporting venues and other attractions including Pike Place Market, the Space Needle, The Seattle Great Wheel and Seattle Aquarium. The hotel's 45 guest rooms include a flat-screen TV, work desk and closet. Hotel amenities include a heated outdoor pool & spa, business center and complimentary breakfast. The Quality Inn & Suites Bainbridge Island represents the opportunity to acquire a Choice-branded hotel in a desirable market near several demand generators. Current ownership is absentee, providing upside to a savvy hands-on investor. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Puget Sound. Proposed Apartment Building The offering includes development plans to an additional 20-unit apartment building on site as added upside to the investment. (see Listing Agent for details). The Quality Inn & Suites Bainbridge Island is for sale in conjunction with The Marshall Suites. The properties can be sold individually or as a portfolio. Please see Agent for details.