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11470 Highway 66
Ashland, OR 97520
Green Springs Resort - MOUNTAIN RETREAT · Hospitality Property For Sale · 17,000 SF

INVESTMENT HIGHLIGHTS

  • Amazing Views. Recreation Activities Abound. Wildlife.
  • Inspire your executive teams at our Corporate Retreat Center while taking advantage of our Luxury Accommodations and the Wild Outdoors.
  • Owning this Resort for your family gathering place could be a gift that transcends generations and builds that legacy of strong family bonds. Rare!
  • Within 17 miles of Ashland, Oregon, attracting tourists from around the world. Shakespeare Festival, Wineries, Celebration of the Arts.
  • Great opportunity for a Retreat Center, Guest Quarter, Food Service, Quiet, Nature, Group Meeting Areas, Easy Access, International Airport close by.
  • Remoteness and quietness of this property may have healing qualities that a Treatment Center longs for. Clients will enjoy healing in the mountains.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 115.00 AC
Building Size 17,000 SF
No. Stories 2
Year Built 2012
Parking Ratio 2.94/1,000 SF
Corridor Exterior
Zoning RS/TR - Rural Service Commercial - Woodland Resource

AMENITIES

  • Balcony
  • Restaurant

ABOUT 11470 HIGHWAY 66 , ASHLAND, OR 97520

2021 GROSS SALES UP 100% OVER 2019. 2021 NOI UP 100% OVER 2019. SELLERS ARE READY TO RETIRE. The Resort facility at Green Springs Resort contains a commercial kitchen that serves breakfast, lunch, and dinner to guests enjoying dining on the wraparound deck or indoor dining area. The Resort facility also has a bar with beer on tap for guests to catch the game or just relax. The Resort also is used by guests as a convenience store to pick up any last-minute snacks or drinks to take back to their accommodations. - The Lodge at Green Springs Resort offers eight private and comfortable high country accommodations. Six of our eight rooms include Jacuzzi tubs, and two have private decks. Many updates to the LODGE have been performed in order to provide first-class accommodations while maintaining the historical charm of the Lodge. - The Luxury Cabins at Green Springs Resort are a world away from the hustle and bustle of daily life. The nine Luxury Cabins live among the tall pines providing privacy and a backdrop to an amphitheater of Southern Oregon's finest views. The Cabins were the latest structures to be added to Green Springs Resort, completed in 2012. The Cabins are built in large part from lumber milled on the property and powered by solar energy. Each Cabin consists of a one-bedroom with a king-size bed, a loft with a bed, a deep jetted tub, a wood-burning stove, a fully equipped kitchen, and a spacious modern bathroom with a walk-in shower. All Cabins have generous decks with outdoor furniture and gas barbecues. The site is prepped and approved for three additional Cabins. - The Yurt is spacious and accommodates retreats, meetings, conferences, large family gatherings, weddings, and other small events. The Yurt is a permanent structure with an open Forest Room, a large deck, bathrooms, and an office. Catering often accompanies the rental of the Yurt. - The Shop is a 2,200-SF fully functioning workshop that supported the nine Cabins' build, and many remodel projects on the other buildings within Green Springs Resort. The Shop has a large solar panel system that offsets some of the Resort's electrical power. Too many tools, equipment, heavy equipment, vehicles, and materials to list. - Gross Lodging Sales are expected to increase 100% from 2019 to 2021 due to changes in business model and other marketing strategies. CAP Rate calculations are based on Pro forma P&L's based on 3rd party gross sales projections. Buyer to do their own due diligence on projecting future trends and sales goals. Sellers, Cascadia Prime, LLC or Eric Herron believe Pro Forma projections are attainable, however these parties are not responsible for Pro forma P&L's future performance measures. Historical P&L's and financials can be provided upon request.

PROPERTY TAXES

  • Listing ID: 16392313

  • Date on Market: 6/19/2019

  • Last Updated:

  • Address: 11470 Highway 66, Ashland, OR 97520