The Ashley Inn & Suites

Highlights:

• $62k+ of Recent CapEx
• Well-Appointed, Oversized Guest Rooms & Suites
• 1 Hour to Salem and Less Than 2 Hours to Portland
• Lincoln City Features a Continuous 7.5-Mile Stretch of Sandy Beaches, the Longest Among Coastal Oregon Towns and a Popular Draw for Visitors
• 1/2 Mile to Chinook Winds Casino Resort (157,000-SF Gaming Floor)
• Minutes to Several Beaches which Offer Kite-Flying Festivals and Beachcombing
• Other Nearby Attractions Within 2 Miles Include Connie Hansen Garden Conservancy, Devils Lake, D River State Recreation Site, and More
• Strong Tourism Industry in the Area

Description:

David Tabata // Broker of Record // License OR 201224889

Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.

Marcus & Millichap has been chosen to exclusively market for sale The Ashley Inn & Suites, a three-story independent hotel located in Lincoln City, a picturesque city in coastal Oregon. The property consists of 75 interior corridor guest rooms, an indoor saltwater pool & hot tub, patio with firepit, fitness center, business center, complimentary breakfast buffet, and spacious lobby with fireplace and convenience store. The hotel offers well-appointed, oversized guest rooms consisting of a good mix of kings, double queens, and several types of suites.

Lincoln City features a continuous 7.5-mile stretch of sandy beaches, the longest among coastal Oregon towns. The area's climate is ideal for flying kites at the beach, with kite-flying festivals taking place in the area every Summer and Fall. The Ashley Inn & Suites is ideally situated half a mile from the coastline and Chinook Winds Casino. The property is also minutes from attractions including Connie Hansen Garden Conservancy, Devils Lake State Recreation Site, The Knoll Open Space & Trailhead, D River State Recreation Site, and more. Lincoln City also offers a medical center as well as an outlet mall, both located within two miles of the property.

The Ashley Inn & Suites represents the opportunity to acquire a well-maintained, independent hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Lincoln City and coastal Oregon regions.

Click Here for Offering Memorandum: https://allredhotelgroup.com/?propertyId=LincolnCityORAshleyInn

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