Hotel-Motel
Quality Inn & Suites Okanogan-Omak
1 Apple Way Rd, Okanogan, WA 98840
Listing Price: $1,700,000
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.
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Listing Price: $1,700,000
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.