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Hotel-Motel

OYO Hotel Olympia Tumwater

1600 74th Ave SW, Tumwater, WA 98501

Listing Price: $3,650,000

Cap Rate
9.50%
Number of Rooms
59
RevPAR
$43
Gross SF
33,655
Price/Room
$61,864
RRM
4.00
Price/Gross SF
$108.45
Year Built
1999

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the OYO Hotel Olympia Tumwater, a three-story 59-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 an indoor swimming pool and banquet hall. Each room is equipped with a coffee/tea maker, flat-screen TV, refrigerator, free Wi-Fi, and premium bedding. Select suites are appointed with kitchenettes or a jetted tub.

Investment Highlights

  • Converted from GuestHouse to OYO in 2019
  • 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 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

OYO Hotel Olympia Tumwater

Listing Price: $3,650,000

Cap Rate
9.50%
Number of Rooms
59
RevPAR
$43
Gross SF
33,655
Price/Room
$61,864
RRM
4.00
Price/Gross SF
$108.45
Year Built
1999

Investment Highlights

  • Converted from GuestHouse to OYO in 2019
  • 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 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 OYO Hotel Olympia Tumwater, a three-story 59-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 an indoor swimming pool and banquet hall. Each room is equipped with a coffee/tea maker, flat-screen TV, refrigerator, free Wi-Fi, and premium bedding. Select suites are appointed with kitchenettes or a jetted tub.

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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