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61200 S Highway 97
Bend, OR 97702
La Quinta Inn by Wyndham Bend · Hospitality Property For Sale
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43,033 SF
Investment Highlights
- $600,000 Price Reduction! Motivated Seller.
- Revenues up 17% in 2022 with continued growth in 2023 as renovations are now complete.
- Leasehold interest property with 33 years remaining on the ground lease expiring in 2056.
- Priced at 3.9x RRM in the High Barrier to Entry resort town of Bend, Oregon.
- Property completed extensive PIP along with previous owners PIP requirements. The parking lot renovation is complete.
- Third Party Management
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1990/2003 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 1.53 AC | Corridor | Interior |
| Building Size | 43,033 SF | ||
| Zoning | CH | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.53 AC |
| Building Size | 43,033 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2003 |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Interior |
| Zoning | CH |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
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