341 S Promenade
Seaside, OR 97138
Inn at the Prom · Hospitality Property For Sale · 9,775 SF

Inn at the Prom is located at 341 Prom, Seaside, OR. Constructed in the 1960' s, the subject property is a coveted, turnkey 16-room oceanfront property with approximately 8,000 square feet of rentable area on two tax lots totaling 0.40 acres of land zoned resort residential. Inn at the Prom has a mix of rooms ranging from oceanfront king spa suites, king spa suite, one bedroom spa suites and guest room with spa. (For more information about room mix and location please see following layout page(s).) In 2011, the sellers invested more than $200,000 of property renovations and improvements. The property has been well-maintained. Rooms offer guests flat screen televisions, fireplaces, jetted bathtubs, balconies and patios, and stainless steel appliances with kitchen. There is a barbecue area, vending machines, beach toys and chairs area, and free wi-fi for guests to enjoy. (Some expenses are estimated due to a shared office with neighboring hospitality property, Gilbert Inn, which is also for sale) Inn at the Prom is being offered for $3,300,000 or $206,250 per key. The property has seen year-over-year increase in both occupancy and ADR. Located just one and one half hours from Portland (Oregon' s most populated city) and just two hours from Salem (Oregon' s capital), Seaside is often regarded as the most popular tourist beach in Oregon. Seaside is located at a high traffic area off Highway 101, the major arterial road along the coastal highway connecting beach communities across the Pacific Northwest. Idyllic coastal setting combined with a small-town comfort and appeal, Seaside attracts patrons spanning the west coast. Well located, beachfront property near the Pacific Ocean and just steps away from downtown Seaside, the Inn at the Prom is just moments away from some of the greatest attractions Seaside offers. Local amenities in the area include restaurants, shops, arcade, movie theatre, aquarium, whale watching and more. Local hospitality benefits from the attractive amenities as well as the city hosting several conventions and tournaments throughout the year.