Confidential Washington Property - C23013 - In Contract!

Highlights:

• 12.88% Cap Rate, 25.74% ROI, & 4.29 GRM
• Diverse Mix of Rooms & Suites
• Fully Equipped Kitchenettes
• Possible Option For Conversion
• Visible Highway Frontage Location
• Truck/Bus/RV Pull-Through Parking
• Located In An Opportunity Zone

Description:

IN CONTRACT!

This property is confidentially listed. To receive more detailed information, please fill out a confidentiality agreement. Core investment highlights are listed below.

Value-Add: The hotel presents a value-add opportunity. A new Owner can improve and optimize operations, marketing, and guest experience.

Opportunity Zone: The property is in an Opportunity Zone, meaning the program provides investors with tax incentives for investing in communities that could benefit from an economic boost.

Highway Visibility: The property features a highly visible highway frontage close to hiking, fishing, water sports, stargazing, wine tasting, museums, restaurants, concerts, and more.

Google Rating: 4.2 stars out of 467 Google reviews. This is a solid rating, but there is room for improvement.

Conversion Options: The hotel has the potential for conversion to alternative uses such as apartments, homeless shelters, or medical centers, providing a range of possibilities for repurposing the property.

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