Harmony Meadows Tennis Resort 4848 Green Ave 13 Room Hotel Manson, WA 98831 $4,950,000 ($380,769/Room) 5.30% Cap Rate

Harmony Meadows Tennis Resort offers a rare chance to buy a set of high-quality real estate assets with an operating business already in place that pays for itself.
The current business generates enough cash to cover the cost of running and maintaining the property today. This means a buyer does not need to add operating capital while deciding how and when to develop the property further.
In simple terms, the buyer is acquiring real estate that is already working, while still leaving room for significant future growth.
Adjusted historical operating earnings over the past four years are 50% of net operating income.

What Makes This Opportunity Unique
•The property is already operating and cash-flow positive
•The business covers ongoing expenses and maintenance
•The assets are well cared for and actively used
•Development can happen on the buyer’s timeline, not under pressure
The land, buildings, and infrastructure are already proven and in use, but the property is built well below its full potential.

Development Upside
The site offers many ways to grow the business over time, including:
•Moving from a seasonal operation to a year-round destination
•Adding more accommodations to create a larger boutique hotel
•Using the existing commercial kitchen and event hall to operate a restaurant
•Adding indoor tennis or pickleball courts for four-season use
•Building spa, fitness, and wellness facilities
•Adding a pool and outdoor leisure areas
•Creating a second wedding venue to increase volume and offer a lower-priced option
Each of these can be done independently and in phases.

The Business Today
Harmony Meadows currently operates as a destination tennis resort with a highly profitable wedding and events business.
•Tennis drives brand recognition, repeat visits, and destination travel
•Weddings generate the largest share of revenue and profit
•Together, these businesses create steady cash flow and efficient use of the property
The wedding business helps balance seasonality and travel demand, making the overall operation more stable.

The Property
The resort sits on a well-planned site with:
•A professionally designed tennis campus
•Attractive indoor and outdoor event spaces
•On-site lodging
•Food and beverage infrastructure
•Flexible buildings designed for long-term use
The property has been carefully maintained, with investments focused on durability, appearance, and flexibility.

Tennis Program
Tennis is central to the resort’s identity.
The program includes:
•Instruction and clinics
•Destination tennis camps
•Hosted tennis events
Guests travel from across the western U.S., often staying multiple days and returning year after year. Tennis gives the resort strong brand identity and sets it apart from typical event venues.

Wedding & Events Business
Weddings are a core part of the business and a major profit driver.
The resort provides:
•Venue rental
•Tables, chairs, linens, glassware, and tableware
•A full beverage service that supplies alcohol for all weddings
This integrated model captures more revenue per event while maintaining quality and consistency.
Weddings are typically booked far in advance, giving strong visibility into future income.

Financial Profile
Revenue comes from:
•Weddings and events
•Beverage service
•Lodging
•Tennis programs
•Food and beverage
•Ancillary services
Weddings provide a high level of profit with relatively low complexity, while tennis and lodging strengthen the resort’s destination appeal.
Operations have been run conservatively, with a focus on guest satisfaction and long-term asset care rather than short-term gains.



Market Context
Demand for:
•Destination weddings
•Experiential travel
•Lifestyle-oriented hospitality properties
continues to grow, especially among higher-income households.
Purpose-built tennis resorts with established event infrastructure are rare, and replacement costs today would be much higher than the original investment.
Harmony Meadows stands out by combining tennis, lodging, and weddings in one integrated property.

Long-Term Opportunity
A new owner can create value over time by:
•Adjusting wedding pricing and scheduling
•Expanding tennis programs
•Increasing shoulder-season usage
•Improving marketing to repeat guests
•Adding amenities and accommodations as desired
The property also offers lifestyle benefits, including personal use and hosting private events, while remaining a professionally run business.

Investment Rationale
•Rare tennis-focused destination resort
•High-margin, established wedding business
•Diversified and complementary revenue streams
•Strong forward visibility from booked events
•National tennis appeal and strong brand identity
•Well-suited for long-term, stewardship-oriented ownership
•Significant real estate and development upside