15 NE Butler Market Rd
Bend, OR 97703
Red Lion Inn & Suites · Hospitality Property For Sale · 34,021 SF

This is an opportunity to acquire a nationally recognized and newly renovated hotel in one of the most dynamic lifestyle markets in the USA. The Red Lion Inn & Suites is also in one of the most well-traveled corridors of Bend. Almost 54,000 cars per day drive by this hospitality property on US Highway 97 (Bend Parkway) with an additional 38,900 on the parallel Business Highway 97 giving this property prime visibility with excellent signage. The hotel enjoys strong demographics with a population of 95,654 within 5 miles with an average household income of $84,937 and a 3% unemployment rate. There is a total population of 228,959 in the local trade area with an average household income of $78,558. Bend is one of the fastest growing cities in the United States and offers a strong growing customer base. It has been rated as the best performing small city in the US by the Milken Institute for three years in a row. Bend also has been rated the best small city for business and career by Forbes Magazine. The Red Lion Inn and Suites is conveniently located next to one of the largest shopping centers in the area, the Bend River Promenade. Visitors and locals alike can shop at Macy’s, TJ Maxx, Hobby Lobby, Natural Grocers and more. Just across the street and along the Deschutes River is the Riverhouse Convention Center which is the largest convention center in Central Oregon. It is a state-of-the-art building hosting multi-day conventions, special events, weddings and meetings. The Red Lion is ideally situated to capture guests visiting for business and pleasure.