Steve Post 8188513304

La Quinta Inn by Wyndham Bend 61200 S Highway 97

65 Room Hotel Bend, OR 97702 $7,900,000 ($121,538/Room) 8.60% Cap Rate

INVESTMENT HIGHLIGHTS

65 Units
Located in a Fast-growing Year-Round Leisure Destination
Highly Profitable - $128 Average Daily Rate

3-Story Interior Corridor Hotel
Motivated Seller - Offers Encouraged
Fully Renovated in 2022, Minimal Transfer PIP Expected

EXECUTIVE SUMMARY

The La Quinta Inn is a 65 Unit, 3-Story Interior Corridor Hotel in Bend, Oregon. The hotel boosts an Average Daily Rate over $127 and is highly profitable.
Bend is a fast-growing year round leisure destination drawing visitors for a wide range of recreational activities including snow sports, hiking, fishing, and golf. The hotel has an excellent location along Highway 97, across the street from a Walmart Supercenter, Nike Store, and the Bend Factory Outlets. The La Quinta provides convenient access to Bend's numerous recreational attractions, breweries, and restaurants.
The hotel features a complimentary hot breakfast, gym, and indoor pool and spa. The property completed an extensive renovation in 2022 and a minimal transfer PIP is expected for the new owner. Currently owned by a first-time absentee owner and third party managed.

PROPERTY FACTS

Price	$7,900,000
Price Per Room	$121,538
Sale Type	Investment
Cap Rate	8.60%
Sale Condition	Ground Lease (Leasehold)
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	1.53 AC
Building Size	34,154 SF
No. Rooms	65
No. Stories	3
Year Built/Renovated	1990/2022
Parking Ratio	1.67/1,000 SF
Corridor	Interior

AMENITIES

Business Center
Fitness Center
Pool
High Speed Internet Access

Meeting Event Space
Public Access Wifi
Smoke-Free
Hot Tub

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	6	$339.00	-
Guest Room	59	$284.00	-

Bike Score®

Very Bikeable (74)

PROPERTY TAXES

Parcel Number	164754	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$3,773,690

ZONING

Zoning Code

Map of 61200 S Highway 97 Bend, OR 97702

ADDITIONAL PHOTOS

2 - Room (1)

3 - Pool

4 - Room

5 - Gym

6 - Exterior

Listing ID: 33743847
Date on Market: 11/4/2024
Last Updated: 3/25/2025
Address: 61200 S Highway 97, Bend, OR 97702

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.