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Rodeway Inn & Suites Omak 122 N Main St

61 Room Hotel Omak, WA 98841 $1,980,000 ($32,459/Room)

Investment Highlights

  • 61 Units
  • Absentee Owner
  • Limited-Service Property with Upside Potential Due to Poor Management
  • Room Revenue in 2023: $525,911
  • $64.90 ADR
  • Manager's Apartment On-Site, Perfect for Owner-Operator

Executive Summary

The Rodeway Inn & Suites in Omak, WA is a 61 unit, 2 story exterior corridor hotel located in beautiful Northern Washington perfect for an owner-operator.
In the last 4 years, the roofs on the buildings were replaced/repaired and the parking lot was repaved. The hotel has a manager's quarters above the front desk in a separate building with full kitchen. The hotel has been mismanaged with an absentee owner and has strong upside potential.
Omak acts as the gateway to the Okanogan–Wenatchee National Forest with demand generators that include agriculture and forestry along with recreation and tourism. Omak is located approximately 235 miles from Seattle and 140 miles from Spokane.

Property Facts

Price $1,980,000
Price Per Room $32,459
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.49 AC
Building Size 20,000 SF
No. Rooms 61
No. Stories 2
Year Built 1958
Parking Ratio 3.5/1,000 SF
Corridor Exterior

Amenities

  • Meeting Event Space

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 11 $73.00 -
Guest Room 50 $60.00 -
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1420042400
Land Assessment
$90,500
Improvements Assessment
$347,400
Total Assessment
$437,900

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 30367419

  • Date on Market: 12/14/2023

  • Last Updated:

  • Address: 122 N Main St, Omak, WA 98841

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