Rodeway Inn & Suites Omak 122 N Main St 61 Room Hotel Omak, WA 98841 $2,250,000 ($36,885/Room)
INVESTMENT HIGHLIGHTS
- 61 Units Located in Beautiful Northern Washington with Demand Generators including Tourism, Recreation, and Agriculture
- Absentee Owner
- Manager's Apartment On-Site, Perfect for Owner-Operator
- Room Revenue in 2023: $525,911, Room Revenue 2024: $618,100
- Limited-Service Property with Upside Potential Due to Poor Management
- Asking 3.64x Revenue Multiplier
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.
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 | $2,250,000 |
| Price Per Room | $36,885 |
| 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 | - |
1 of 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 1420042400 | Improvements Assessment | $399,500 |
| Land Assessment | $90,500 | Total Assessment | $490,000 |
ZONING
| Zoning Code | Commercial |
