Overview

Description

Updated Hotel Near Port Expansion & Redevelopment Project

The Olympic Inn & Suites is a 54-key, limited-service, independent hotel ideally located in a Washington State Opportunity Zone. This exterior corridor hotel has had extensive updates completed throughout 2021/2022 and is turn-key ready. Shared amenities include a lobby, business center, and ample meeting/event space. In addition, Olympic Inn & Suites features a recently renovated ~1100 sq. ft. Owner’s quarters with 2 bedrooms, 2 bathrooms, and a full kitchen with easy office access. Perfect for Owner/Operator or on-site management. The hotel presents a value-add opportunity by improving and optimizing operations, marketing, and guest experience. The hotel also has the potential to be franchised, allowing buyers to align with a recognized brand and benefit from its marketing and support.

Guest room mix includes a selection of King Deluxe, King Double Deluxe, Queen Double Deluxe, Kitchen Suites, and Family Suites. In addition, guest amenities may consist of a mini-refrigerator, microwave, coffee maker, flat-screen television with premium channels, high-speed wireless internet (WiFi), and individual heat/air conditioning.

Near to Grays Harbor Port and approved $100M+ port redevelopment/expansion projects. This hotel is well-situated for business and leisure travelers. The property has excellent Highway 101 visibility, access, and ample parking. In addition, the hotel features excellent proximity to downtown Aberdeen, restaurants, galleries, museums, and shopping.


Location

Aberdeen, Washington, is a city in Grays Harbor County that offers visitors a unique mix of natural beauty and cultural experiences. Nestled between the Olympic National Park and the Chehalis River, Aberdeen offers a range of outdoor activities, including hiking, fishing, and exploring the nearby beaches. The city also features a variety of indoor attractions, such as the Polson Museum, which showcases the city's rich history, and the Westport Winery, where visitors can sample locally brewed beer and wine. The famous Kurt Cobain Memorial Park is a must-visit destination for music lovers, paying homage to the late Nirvana frontman. With its blend of natural beauty and cultural experiences, Aberdeen is a popular destination for those seeking to explore the Pacific Northwest.

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.

Highlights

• Highway 101 Access & Visibility
• Upside Potential With Ability To Franchise
• Recent Extensive Capital Improvements
• Industrial Demand Drivers & Port Proximity
• Transient, Business, & Group Demand
• Close To Grays Harbor & Chehalis River

Documents

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