The Drifthaven at Gearhart

Highlights:

• 9.27% Cap Rate, 11.44% ROI & 3.87 GRM (Adjusted Actuals)
• Upscale | Select-Service | 12 Keys
• Fully Updated & Upscaled In 2025
• Under 4x Gross Revenue Multiple In Coastal Market
• Operational Upside Via Expense Normalization
• Boutique Market Position With Coastal & Golf Proximity
• High-Volume Drive-To Demand Drivers
• Owned, Fee Simple Land, Expansion Potential (Additional cost)

Description:

CIP Exclusive - JUST LISTED!

Seaside Boutique Two Blocks From Golf Course & Beach

The Drifthaven at Gearhart is a 12-key, upscale boutique hotel offering an exceptional turnkey investment on the Northern Oregon Coast. Fully renovated in 2025, this 5,600 SF select-service asset features a diverse mix of rooms and suites, offering strong operational flexibility with no immediate capital expenditure required. Situated on 0.45 acres of fee-simple land just two blocks from both the historic Gearhart Golf Links and the Pacific Ocean beachfront, the property delivers strong value-add potential through expense optimization, rate strategy, and high-margin beverage sales leveraging an active liquor license.

The hotel is ideally located in a favorite drive-to coastal market, attracting guests from major metro areas in Seattle, Tacoma, and Portland, Oregon. Two adjacent parcels (0.27 acres total) are available for an additional cost. (Not included in the hotel sale.)

Request Offering Memorandum & Financials for detailed information on this hospitality asset.

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!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

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