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Hotel-Motel

Quality Inn & Suites Okanogan-Omak

1 Apple Way Rd, Okanogan, WA 98840

Listing Price: $1,700,000

Cap Rate
1.00%
Number of Rooms
78
RevPAR
$1
Gross SF
87,556
Price/Room
$21,795
Price/Gross SF
$19.42
Year Built
1979

Investment Overview

This property, previously under contract for $4 million, offers significant upside potential following a fire that damaged 10 rooms and caused extensive water damage from firefighting efforts. Most insulation and drywall were removed, and due to inadequate security, copper plumbing and wiring were stolen. Despite these challenges, the Restaurant, Bar, and Hall remain fully operational, providing a strong foundation for future growth.

Investment Highlights

  • Exceptional Value: Acquire a brand-new hotel with over 10 acres of land at a 35% discount to market value after repair costs.
  • Strong Upside Potential: Opportunities for significant rent increases across the restaurant, bar, and hall spaces, enhancing overall revenue potential.
  • Strong ADR Growth: After repair, the Average Daily Rate (ADR) shows a substantial 133% increase from prior years, highlighting significant revenue enhancement potential.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Hotel-Motel

Quality Inn & Suites Okanogan-Omak

Listing Price: $1,700,000

Cap Rate
1.00%
Number of Rooms
78
RevPAR
$1
Gross SF
87,556
Price/Room
$21,795
Price/Gross SF
$19.42
Year Built
1979

Investment Highlights

  • Exceptional Value: Acquire a brand-new hotel with over 10 acres of land at a 35% discount to market value after repair costs.
  • Strong Upside Potential: Opportunities for significant rent increases across the restaurant, bar, and hall spaces, enhancing overall revenue potential.
  • Strong ADR Growth: After repair, the Average Daily Rate (ADR) shows a substantial 133% increase from prior years, highlighting significant revenue enhancement potential.

Investment Overview

This property, previously under contract for $4 million, offers significant upside potential following a fire that damaged 10 rooms and caused extensive water damage from firefighting efforts. Most insulation and drywall were removed, and due to inadequate security, copper plumbing and wiring were stolen. Despite these challenges, the Restaurant, Bar, and Hall remain fully operational, providing a strong foundation for future growth.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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