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Larkspur Landing Hillsboro 3133 NE Shute Rd 124 Room Hotel Hillsboro, OR 97124 For Sale
Investment Highlights
- IDEALLY POSITIONED WITHIN THE SUNSET CORRIDOR NEAR A CONCENTRATION OF TECHNOLOGY AND SEMICONDUCTOR EMPLOYMENT
- LARGE SUITES MEASURING 300 SQUARE FEET AND LARGER, ALL WITH FULL KITCHENS, DINING, LIVING, AND SLEEPING AREAS
- OFFERED UNENCUMBERED OF MANAGEMENT AND BRAND
- HILLSBORO SERVES AS THE PRIMARY TECHNOLOGY AND MANUFACTURING HUB WITHIN THE PORTLAND METROPOLITAN AREA
- CONSISTENT REVPAR PERFORMANCE DRIVEN BY EXTENDED-STAY TECHNOLOGY AND PROJECT-BASED DEMAND
- AFFILIATION WITH A NATIONAL FRANCHISE AND COMPLETION OF CAPITAL IMPROVEMENTS WILL DRIVE REVPAR
Executive Summary
CBRE Hotels, on an exclusive basis, is pleased to offer for sale the 124-room Larkspur Landing Hillsboro. Located in the heart of the Sunset Corridor, the Larkspur Landing is prominently positioned in Hillsboro, Oregon, with direct access to U.S. Route 26, within the incorporated City of Hillsboro. Hillsboro serves as the primary technology and semiconductor hub within the Portland metropolitan area, characterized by high-quality employment, sustained corporate investment, and limited barriers to entry for new lodging supply.
The Hotel is strategically located near leading global employers, including Intel, Nike, Genentech, and a broad ecosystem of semiconductors, advanced manufacturing, and life science companies throughout Hillsboro and Beaverton. Downtown Portland, the Oregon Convention Center, and major cultural and entertainment venues are located within approximately 20 miles. Portland International Airport (“PDX”) is approximately 25 miles east of the Property.
Opened in June 1997, the Larkspur Landing Hillsboro is a four-story, wood-frame property situated on a well-configured parcel. This extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with common areas designed to accommodate long-term corporate and project-based guests. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years
The Hotel is strategically located near leading global employers, including Intel, Nike, Genentech, and a broad ecosystem of semiconductors, advanced manufacturing, and life science companies throughout Hillsboro and Beaverton. Downtown Portland, the Oregon Convention Center, and major cultural and entertainment venues are located within approximately 20 miles. Portland International Airport (“PDX”) is approximately 25 miles east of the Property.
Opened in June 1997, the Larkspur Landing Hillsboro is a four-story, wood-frame property situated on a well-configured parcel. This extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with common areas designed to accommodate long-term corporate and project-based guests. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years
Property Facts
| Sale Type | Investment | No. Rooms | 124 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2005 |
| Building Class | C | Parking Ratio | 2.13/1,000 SF |
| Lot Size | 3.22 AC | Corridor | Interior |
| Building Size | 67,023 SF | ||
| Zoning | I-P | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.22 AC |
| Building Size | 67,023 SF |
| No. Rooms | 124 |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2005 |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Interior |
| Zoning | I-P |
Amenities
- Business Center
- Fitness Center
- On-Site Retail
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 124 | $179.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R2053346 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,954,590 |
Property Taxes
Parcel Number
R2053346
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,954,590
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Larkspur Landing Hillsboro | 3133 NE Shute Rd
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