Best Western Plus Oak Harbor Hotel & Conference Center
$13,500,000
33175 State Route 20, Oak Harbor, WA 98277
7.37
Cap Rate
53,090 sqft
Building Size
Details:
Highlights:
- Upper Midscale | Select-Service | 80 Keys - 7.37% Cap Rate (Adjusted)
- Recognized Brand Asset with Dominant Submarket Performance
- Turnkey Hotel with Completed 2026 PIP Upgrades
- Demand Driven by NAS Whidbey Island & Seattle Proximity
- Meeting & Event Space Drives ADR & Group Business
- Bridge & Ferry Accessible Island Captures Year-Round Tourism
- Adjacent Extended-Stay Hotel Available For ~46% Market Control
- Adjacent ~1.17-Acre Land Parcel Available At Additional Cost
- All property tours must be arranged through the broker.
- DO NOT CONTACT PROPERTY OR EMPLOYEES!
Description:
CIP Exclusive - Just Listed!
Best Western Plus Oak Harbor Hotel & Conference Center is an 80-key, interior-corridor, select-service hotel featuring standard guest rooms and suites. Ownership recently completed a comprehensive Property Improvement Plan (PIP) in 2026, offering turnkey operations with high-grade amenities including an outdoor heated pool and hot tub, fitness center, complimentary full breakfast, and ~1,620 sq. ft. of flexible meeting and event space. Positioned along State Route 20 near Naval Air Station (NAS) Whidbey Island and adjacent to a popular restaurant, the hotel captures year-round military, corporate, and leisure demand with strong operational upside for an incoming owner-operator.
An adjacent ~1.17-acre parcel is available for future development. An adjacent extended-stay hotel (on another parcel) may be acquired separately, allowing control of ~46% of the local lodging supply (subject to buyer due diligence). Both the land and the extended-stay hotel would be an additional cost, not included in the listing purchase price.
IMPORTANT
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Buyer's Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.
Documents:
| Title | ||
|---|---|---|
| Best Western Plus Oak Harbor Hotel Flyer | ||
| Offering Memorandum & Financials (Access Secure Documents) |
Location
Gallery