Best Western Plus Yakima Hotel 1614 N 1st St 74 Room Hotel Yakima, WA 98901 $7,800,000 ($105,405/Room) 7.06% Cap Rate

Franchise Hotel in Yakima Valley Opportunity Zone - JUST LISTED
Best Western Plus Yakima Hotel is a 74-key, interior corridor, select-service, upper-midscale hotel operating under the Best Western Plus brand. The property recently completed a full Property Improvement Plan (PIP), reducing near-term capital needs and supporting current brand compliance. Located within a federally designated Qualified Opportunity Zone, the asset may offer potential tax advantages, subject to buyer due diligence. On-site amenities include a daily hot breakfast, an indoor pool and hot tub, a fitness center, a business center, and accessible accommodations. The guestroom mix includes king and queen rooms, an apartment-style suite with a full kitchen and living space, and ADA-compliant units.
With a stabilized operating base and strong brand affiliation, the hotel serves a broad mix of business, group, and leisure guests year-round. The Best Western loyalty platform further supports repeat traffic and national brand visibility.
The hotel's central Washington location is roughly 200 miles by car from Seattle, Portland, and Spokane, supporting drive-to regional demand. In 2024, Yakima County welcomed 2.5 million visitors, generating more than 500,000 room nights and nearly $400 million in travel spending. The region attracts steady demand from wine tourism, outdoor recreation, agritourism, cultural programming, and commercial travel.
LOCATION
Located in Central Washington, Yakima offers a historic, walkable downtown, year-round outdoor access, and more than 300 days of sun. Downtown features vintage storefronts, local shops and cafes, galleries, museums, and a theater for films and live performances. The Yakima River supports rafting, kayaking, and fishing, while nearby foothills and Cascades trails offer hiking and biking in warmer months and skiing in winter. As Washington’s first wine region and a major agricultural hub, the valley anchors agribusiness and agritourism. The Yakima Valley, with easy Interstate and Highway access, attracts drive-to tourism from Seattle, Tri-Cities, Spokane, and Portland.
IMPORTANT
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification.
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