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Kennewick Inn & Suites Tri Cities 321 N Johnson St 47 Room Hotel Kennewick, WA 99336 $5,750,000 ($122,340/Room)
INVESTMENT HIGHLIGHTS
- 9.4% Cap Rate
- All Guest Rooms Offer Over 500 Square Feet of Space, and All Suites Include Fully Equipped Kitchenettes
- This hotel is perfectly positioned for an apartment/housing conversion, with an existing layout that supports efficient redevelopment.
- 20% Cash-on-Cash Return
- Recent CapEx Completed, No PIP Required
- The Manager’s Office, Located on the Property, Includes a Full Kitchenette and Bathroom, Making It Ideal for an On-Site Owner or Converted to a Guest
EXECUTIVE SUMMARY
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
This hotel is perfectly positioned for an apartment conversion, with an existing layout that supports efficient redevelopment.
Kennewick Inn & Suites Tri Cities, a newly renovated three-story limited service hotel located in Kennewick, Washington. The hotel's 47 guest rooms, each 500 square feet, include a flat-screen TV, work desk, refrigerator, microwave, and coffee maker. All suites include a fully equipped kitchenette and dining area. Hotel amenities include complimentary breakfast, guest laundry facilities, and vending machines.
The Kennewick Inn & Suites Tri Cities represents the opportunity to acquire a three-story hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Tri-Cities Region.
The property features a manager's office complete with a full kitchenette and bathroom, ideal for an on-site owner or converted to a guest room. Additionally, the property is approved for conversion to a Days Inn and offers potential for other franchise conversions.
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
This hotel is perfectly positioned for an apartment conversion, with an existing layout that supports efficient redevelopment.
Kennewick Inn & Suites Tri Cities, a newly renovated three-story limited service hotel located in Kennewick, Washington. The hotel's 47 guest rooms, each 500 square feet, include a flat-screen TV, work desk, refrigerator, microwave, and coffee maker. All suites include a fully equipped kitchenette and dining area. Hotel amenities include complimentary breakfast, guest laundry facilities, and vending machines.
The Kennewick Inn & Suites Tri Cities represents the opportunity to acquire a three-story hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Tri-Cities Region.
The property features a manager's office complete with a full kitchenette and bathroom, ideal for an on-site owner or converted to a guest room. Additionally, the property is approved for conversion to a Days Inn and offers potential for other franchise conversions.
PROPERTY FACTS
| Price | $5,750,000 | Building Size | 27,170 SF |
| Price Per Room | $122,340 | No. Rooms | 47 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1977/2012 |
| Property Subtype | Hotel | Parking Ratio | 1.84/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.95 AC | ||
| Zoning | CC | ||
| Price | $5,750,000 |
| Price Per Room | $122,340 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 27,170 SF |
| No. Rooms | 47 |
| No. Stories | 3 |
| Year Built/Renovated | 1977/2012 |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
| Zoning | CC |
AMENITIES
- Pool
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 47 | $109.00 | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 134994090000001 | Improvements Assessment | $2,983,580 |
| Land Assessment | $288,420 | Total Assessment | $3,272,000 |
PROPERTY TAXES
Parcel Number
134994090000001
Land Assessment
$288,420
Improvements Assessment
$2,983,580
Total Assessment
$3,272,000
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Kennewick Inn & Suites Tri Cities | 321 N Johnson St
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