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61200 S Highway 97
Bend, OR 97702
La Quinta Inn by Wyndham Bend · Hospitality Property For Sale · 43,033 SF

INVESTMENT HIGHLIGHTS

  • $600,000 Price Reduction! Motivated Seller.
  • Revenues up 17% in 2022 with continued growth in 2023 as renovations are now complete.
  • Leasehold interest property with 33 years remaining on the ground lease expiring in 2056.
  • Priced at 3.9x RRM in the High Barrier to Entry resort town of Bend, Oregon.
  • Property completed extensive PIP along with previous owners PIP requirements. The parking lot renovation is complete.
  • Third Party Management

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.53 AC
Building Size 43,033 SF
No. Stories 3
Year Built/Renovated 1990/2003
Parking Ratio 1.67/1,000 SF
Corridor Interior
Zoning CH

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Listing ID: 26215943

  • Date on Market: 7/20/2022

  • Last Updated:

  • Address: 61200 S Highway 97, Bend, OR 97702

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