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Semiahmoo Resort, Golf & Spa - Iconic PNW Waterfront Resort

$27,500,000

9565 Semiahmoo Parkway, Blaine, WA 98230

Active
Last Updated: 09/08/2026

8.32

Cap Rate

2,286,725

NOI

Details:
Cap Rate:    8.32%
NOI:    $2,286,725
Building Size:    212,347 sqft
Lot Area:    170 acres
Keys:    196
ADR:    $333
Year Built:    1987
Price Per Unit:    $140,306
Management:    Unencumbered
Floors:    4
Opportunity Zone:    No
Parking Spots:    241
Year Last Renovated:    2024
Construction Status:    Existing
Highlights:
  • 8.32% Cap Rate | 8.71% ROI | 5.29 GRM (Adjusted Actuals)
  • High-Barrier-To-Entry Waterfront Location
  • Flexible Management and Brand Options 
  • Income Streams: Rooms, Golf, F&B, Spa, Events
  • Arnold Palmer–designed Championship Course + Memberships
  • Regional Economic Anchor & Record Visitor Spending
  • 35,000 SF of Meeting & Event Space
  • Drive-To Location for Seattle, WA & Vancouver BC
  • Owner Looking To Recapitalize or Sell. Bring Proposals.
Description:

CIP Exclusive - Just Listed!
Owner Looking To Recapitalize or Sell. Bring Proposals.

Semiahmoo Resort, Golf & Spa is a full-service coastal hotel in Blaine, Washington. The property sits on a secure peninsula covering 170 acres of fully owned land. The main four-story building spans 212,347 square feet and features a recently updated interior. It offers a diverse mix of 196 keys, including classic guestrooms, deluxe rooms, marine-view suites, and executive suites. On-site amenities include an 18-hole championship golf course designed by Arnold Palmer, which supports an 850-plus-member club. Guests also enjoy a full-service spa with 7 treatment rooms, a health club with sports courts, and three distinct dining outlets, including Packers Kitchen + Bar.

The property is available without any remaining brand or management agreements. This gives a new owner complete control and an immediate path to boost occupancy through strategic repositioning. The resort sits along the strategic Interstate 5 corridor near a major United States-Canada border crossing. It features panoramic shoreline views and marina access within a two-hour drive of both Seattle and Vancouver, British Columbia. The property also serves as a top regional meeting and conference hub. It uses 35,000 square feet of flexible indoor and outdoor event space to attract high-paying corporate groups, capitalizing on a record-breaking $775.9 million Whatcom County visitor economy.

See Offering Memorandum For Complete Details

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!

Please Note: 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.

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Documents:
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Request Offering Memorandum & Financials
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Semiahmoo Resort Flyer
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