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Hotel-Motel

Comfort Inn Conference Center Tumwater Olympia

1620 74th Ave SW, Tumwater, WA 98501

Listing Price: $3,850,000

Cap Rate
8.20%
Number of Rooms
58
RevPAR
$49
Gross SF
38,419
Price/Room
$66,379
RRM
3.70
Price/Gross SF
$100.21
Year Built
2001

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Comfort Inn Conference Center Tumwater Olympia, a three-story 58-room hotel located in Tumwater, Washington. The property is conveniently located off I-5, two miles from the Olympia Regional Airport, three miles from downtown Tumwater, and six miles from Olympia, the Washington State Capitol. Nearby attractions include Brewery Park at Tumwater Falls, Olympic Flight Museum, and the Washington State Capitol Building. The Tumwater/Olympia area benefits from a strong government and private business market with several notable employers. The property features and indoor pool & hot tub, a 24-hour fitness center, and 3,643 square feet of meeting space. Each room guest room is equipped with a microwave, refrigerator, flat-screen TV, coffee maker, free Wi-Fi, and premium bedding. Select suites are equipped with sofa sleepers or jetted tubs.

Investment Highlights

  • Well-Performing Property Located Off of Interstate 5, Near Washington State's Capital City
  • 5 Miles to Washington State Capitol Building (~80k Visitors Per Year)
  • 1 Hour Drive to Olympic National Park & Mount Rainier National Park
  • Other Nearby Attractions Include Olympic Flight Museum, Brewery Park at Tumwater Falls, Percival Landing Park and Nisqually Red Wind Casino
  • 2 Miles to Olympia Regional Airport
  • Within 8 Miles of MultiCare Capital Medical Center & Providence St. Peter Hospital
  • Within 9 Miles of South Puget Sound Community College, The Evergreen State College & Saint Martin's University
  • The Tumwater/Olympia Area Benefits from a Strong Government & Private Business Market with Several Notable Employers

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Hotel-Motel

Comfort Inn Conference Center Tumwater Olympia

Listing Price: $3,850,000

Cap Rate
8.20%
Number of Rooms
58
RevPAR
$49
Gross SF
38,419
Price/Room
$66,379
RRM
3.70
Price/Gross SF
$100.21
Year Built
2001

Investment Highlights

  • Well-Performing Property Located Off of Interstate 5, Near Washington State's Capital City
  • 5 Miles to Washington State Capitol Building (~80k Visitors Per Year)
  • 1 Hour Drive to Olympic National Park & Mount Rainier National Park
  • Other Nearby Attractions Include Olympic Flight Museum, Brewery Park at Tumwater Falls, Percival Landing Park and Nisqually Red Wind Casino
  • 2 Miles to Olympia Regional Airport
  • Within 8 Miles of MultiCare Capital Medical Center & Providence St. Peter Hospital
  • Within 9 Miles of South Puget Sound Community College, The Evergreen State College & Saint Martin's University
  • The Tumwater/Olympia Area Benefits from a Strong Government & Private Business Market with Several Notable Employers

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Comfort Inn Conference Center Tumwater Olympia, a three-story 58-room hotel located in Tumwater, Washington. The property is conveniently located off I-5, two miles from the Olympia Regional Airport, three miles from downtown Tumwater, and six miles from Olympia, the Washington State Capitol. Nearby attractions include Brewery Park at Tumwater Falls, Olympic Flight Museum, and the Washington State Capitol Building. The Tumwater/Olympia area benefits from a strong government and private business market with several notable employers. The property features and indoor pool & hot tub, a 24-hour fitness center, and 3,643 square feet of meeting space. Each room guest room is equipped with a microwave, refrigerator, flat-screen TV, coffee maker, free Wi-Fi, and premium bedding. Select suites are equipped with sofa sleepers or jetted tubs.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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