Description
National Hotel & Motel Brokers of Oregon is proud to present for sale 45% interest in the LA QUINTA INN & Suites a 72 guestroom hotel with land, furnishing, fixtures, and equipment located at 2020 Leigh Way, White City, Oregon just 4 miles north of Medford, Or. Brookside INN INC. owns the property, the stock is owned by three stock holders, 45%, 45%, 10%. One stockholder is selling his 45% stock ownership for $850,000. The property is located at junction of HWY 62 & 140, 140 East to Klamath Falls. 62 North to Crater Lake National Park connecting with HWY 138 west to I-5 on to Portland, Seattle or to the East connecting with Hwy 97 to Bend Oregon points North and East. This is a new property which came on line June 1st 2008. long term financing of $5,750,000. Lenders Appraisal is available for inspection by qualified parties. Appraised values, Cost Approach $7,250,000, Market Approach $7,200,000, Income Approach $7,150,000. Transfer of Debt to Equity via inflation. See Attachments video. Financial P&L available for inspection by interested parties. See attachments for directions to viedo
White City is located about midway between Portland, 280 miles to the North, and Sacramento, 293 miles to the South. Located off I-5, White City is near Medford Oregon, approximately 34 miles north of the California border, and 120 miles east of the Pacific Ocean at Crescent City, California. Located between Medford and Grants Pass, Oregon.