1400 Highway 101 S
Reedsport, OR 97467

Best Western branded hotel in popular DUNES recreation area in Oregon coastal DUNES region is for sale. Amenities include an indoor pool and spa, fitness facility, breakfast dining area and prep area, business center. Revenue can be increased with management upside but is a steady performer with increasing revenues. Located on US hwy 101, Oregon Dept. of Transportation maintains year round access to this gateway to the Oregon Coast. Reedsport is a 1 & 1/2 hour drive from Eugene, the 2nd largest city in Oregon and largest State University, University of Oregon. The drive from Eugene is about 30 minutes south via Interstate-5, turning on to hwy 38 for an hour drive through lovely pastoral country settings with views of the Umpqua River before arriving in Reedsport. Restaurants, numerous grocery stores, gas stations are within a block or two of the hotel campus. The hotel is sited nicely with close proximity to the Umpqua River as it begins to widen to meet the ocean. The popular Discovery Center which borders the Umpqua River estuary, highlights points of interest for travelers with beautiful educational displays for all ages to understand the current wildlife and history of the area. Coastal town, Florence, is a 30 minute drive to the north and Winchester Bay, to the south is a 15 minute drive. This hotel has close access to favorite destinations such as: Oregon Dunes National Recreation, Dean Creek Elk preserve and viewing area, Umpqua Lighthouse State Park. The State of Oregon, Dept of Transportation is undertaking bridge upgrades plus implementation of a Trails and Roads connection plan which will lead to an increasing "Path to Progress" economically for the Tourism Industry for the Reedsport area. 12 month projection shows a 11.% CAP -- 3.74 GRM through at full offering price of $5.8MM. Get in on the Upside! Investment Highlights Oregon Dunes National Recreation, rare opportunity for Dune Sports and exploration within 5 miles from hotel Best Western brand with 2016 renovations, new 2018 signage package and BW PIP completed Built in 1991, 57 rooms/suites mix with exterior corridor and 2 floors Umpqua LIghthouse State Park and Dean Creek Elk Viewing Area for close up experience of observing protected wildlife Path of Progress: Oregon State ODOT 2018-19 plan implementation is in progress for road and trail connections enhancing tourism! New sidewalks, streetlights, curb extensions in Reedsport are completed as of Sept. 2019 with recent ODOT investment of $30 million in upgrades. High barriers to new competition entering this market Located approx. 1 & 1/2 hours from Eugene, Oregons' 2nd largest city for a quick get-away from the city with growing demand generators Growing Demand Generators for tourism - State plan implementation for even better access to Dunes/Elk Viewing/Lighthouse State Park connections shows support for a growing tourism emphasis in this area. Favorite stop for business and government clientele who serve the coastal region- 30% bookings are business travel- 70% tourism Gross Income trending upward - New 2019 data projects $620,000. NOI - 11.% CAP - 3.74 GRM at full price. Indoor pool/spa for year-round fun is integrated into a well-designed facility with ADA lifts for guests and ease of maintenance Get in on increasing UP SIDE! in an important link to the Oregon Coastal routes bettering access to Dunes, Lighthouse, Dean Elk viewing area.