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Newport Inn By OYO - Hwy 101 1823 N Coast Hwy 49 Room Hotel Newport, OR 97365 $3,950,000 ($80,612/Room)
EXECUTIVE SUMMARY
Newport Inn & Suites by OYO is a recently renovated 49-unit economy motel located on Hwy 101 in the popular tourist town of Newport, OR. This interior/exterior corridor property consists of 2 buildings originally built in 1950 and 1987. The main building was fully renovated in 2020 and recent renovations to the second building were completed in the last couple years. This pet-friendly hotel includes a customer lobby, business center, laundry facilities and free guest parking and each guestroom offers modern amenities such as cable flat-screen TVs and high-speed internet.
PROPERTY FACTS
| Price | $3,950,000 | Building Size | 18,102 SF |
| Price Per Room | $80,612 | No. Rooms | 49 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2023 |
| Property Subtype | Hotel | Parking Ratio | 1.82/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.80 AC | ||
| Zoning | C-1 | ||
| Price | $3,950,000 |
| Price Per Room | $80,612 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 18,102 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 1.82/1,000 SF |
| Corridor | Exterior |
| Zoning | C-1 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 49 | $131.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | R250819 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,541,460 |
PROPERTY TAXES
Parcel Number
R250819
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,541,460
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Newport Inn By OYO - Hwy 101 | 1823 N Coast Hwy
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