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Royal Motor Inn 1510 Adams Ave 43 Room Hotel La Grande, OR 97850 $1,899,000 ($44,163/Room) 12.44% Cap Rate
Investment Highlights
- 43-room economy motel located in downtown La Grande.
- Independent hospitality asset with operational flexibility.
- Serves university visitors, regional travelers, and tourists.
- Located within an established Eastern Oregon lodging market.
- Convenient access to the Blue Mountains and outdoor recreation.
- Call listing brokers for more information.
Executive Summary
Royal Motor Inn presents the opportunity to acquire a 43-room hospitality asset located in the heart of downtown La Grande, Oregon. Positioned along Adams Avenue, the property benefits from convenient access to downtown restaurants, retailers, Eastern Oregon University, and regional transportation routes serving Eastern Oregon travelers. The motel is situated within a market supported by university activity, outdoor recreation tourism, and year-round visitor demand generated by destinations such as the Blue Mountains, Grande Ronde Valley, and Anthony Lakes Mountain Resort. As an independent lodging property, the asset offers operational flexibility for a new owner to implement management enhancements, revenue strategies, and branding initiatives. The property's downtown location places guests within walking distance of local amenities while also serving travelers exploring the broader region. Offered at $1,899,000, Royal Motor Inn provides investors with an established hospitality property in a recognized regional tourism and education market.
Property Facts
| Price | $1,899,000 | Lot Size | 0.59 AC |
| Price Per Room | $44,163 | Building Size | 15,000 SF |
| Sale Type | Investment | No. Rooms | 43 |
| Cap Rate | 12.44% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1963 |
| Property Subtype | Hotel | Parking Ratio | 1.33/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | LG-GC | ||
| Price | $1,899,000 |
| Price Per Room | $44,163 |
| Sale Type | Investment |
| Cap Rate | 12.44% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 15,000 SF |
| No. Rooms | 43 |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.33/1,000 SF |
| Corridor | Exterior |
| Zoning | LG-GC |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 43 | $58.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03S3808BA 6500 01 | Improvements Assessment | $706,090 |
| Land Assessment | $246,800 | Total Assessment | $952,890 |
Property Taxes
Parcel Number
03S3808BA 6500 01
Land Assessment
$246,800
Improvements Assessment
$706,090
Total Assessment
$952,890
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Royal Motor Inn | 1510 Adams Ave
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