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Quality Inn & Suites Everett 101 128th St SE 82 Room Hotel Everett, WA 98208 $9,390,000 ($114,512/Room) 8.37% Cap Rate
Matterport 3D Tour
Investment Highlights
- 1.46 Acer lot with prime positioning directly off I-5 at Exit 186 for seamless accessibility across and visibility to over 44,700 vehicles daily.
- Located less than 4 miles from Seattle Paine Field International Airport and in proximity to numerous retailers, amenities, and military bases.
- Turnkey cashflow from a national hospitality brand with a 4-star Google rating, located in a growing market with over $10.7B in annual spending.
- Recent 2025 renovation, including the PIP, enhance operational efficiency while minimizing near-term capital expenditures for a new owner.
Executive Summary
Seller just dropped the price!! PIP completed recently: A premier hospitality investment opportunity in one of the Puget Sound region's fastest-growing markets. Strategically located at 101 128th Street Southeast in Everett, Washington, this property is situated directly off Interstate 5 at Exit 186. This hotel is a 48,584-square-foot building with 82 rooms, including 22 standard rooms and 60 suites, positioned on 1.46 acres with ample parking. Recent 2025 renovations, including the Property Improvement Plan (PIP), enhance operational efficiency while minimizing cost for a new owner. Exceptional accessibility, strong daily exposure exceeding 44,700 vehicles, and proximity to regional demand drivers further enhance the property.
Contact the listing agents for a showing; do not talk to employees regarding the sale.
2025 & 2026 P&L are available upon request after signing the confidential agreement
Contact the listing agents for a showing; do not talk to employees regarding the sale.
2025 & 2026 P&L are available upon request after signing the confidential agreement
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Property Facts
| Price | $9,390,000 | Lot Size | 1.46 AC |
| Price Per Room | $114,512 | Building Size | 48,584 SF |
| Sale Type | Investment | No. Rooms | 82 |
| Cap Rate | 8.37% | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1969/2018 |
| Property Subtype | Hotel | Parking Ratio | 2/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | FS, Everett - General Commercial zoning permitting hotel, retail, service uses and compatible multi-residential development. | ||
| Price | $9,390,000 |
| Price Per Room | $114,512 |
| Sale Type | Investment |
| Cap Rate | 8.37% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.46 AC |
| Building Size | 48,584 SF |
| No. Rooms | 82 |
| No. Stories | 4 |
| Year Built/Renovated | 1969/2018 |
| Parking Ratio | 2/1,000 SF |
| Corridor | Interior |
| Zoning | FS, Everett - General Commercial zoning permitting hotel, retail, service uses and compatible multi-residential development. |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 60 | $132.00 | - |
| Guest Room | 22 | $114.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 280425-004-007-00 | Improvements Assessment | $6,885,000 |
| Land Assessment | $2,145,500 | Total Assessment | $9,030,500 |
Property Taxes
Parcel Number
280425-004-007-00
Land Assessment
$2,145,500
Improvements Assessment
$6,885,000
Total Assessment
$9,030,500
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Contact the Sale Advisor
Quality Inn & Suites Everett | 101 128th St SE