1818 Basin St SW - Hospitality FOR SALE


Ephrata, WA 98823
$10,000,000 USD
909-456-3481
1818 Basin St SW, Ephrata, WA for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

1818 Basin St SW
Ephrata, WA 98823


HIGHLIGHTS

  • Only Franchised Hotel in Ephrata
  • Property Qualifies for Auto-Transfer with Best Western
  • QA Score of 909/1000 (3rd-Best in the BW System This Year)
  • Several Recent Capital Improvements Throughout the Hotel | No PIP Needed
  • Ideally Located Off of State Highway 28, Short Drive to Interstate 90 and Grant County International Airport
  • 1 Mile to the New $155M+ Grant County Jail and Law & Justice Complex Development (Completion & Occupancy by Summer 2026)

OVERVIEW

Joel Deis // Broker of Record // License WA 25469 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. Marcus & Millichap has been chosen to exclusively market for sale the Best Western Rama Inn, a 70-key, interior corridor hotel located in Ephrata, a small town in Central Washington. Built in 2000, the hotel features amenities including an indoor pool and spa, sauna, meeting space, business center, complimentary breakfast, and guest laundry. The property consistently receives excellent scores from the Best Western franchise, with a QA score of 909/1000 (3rd-best in the BW system this year). In the last few years, the owner has completed several recent capital improvements, including roof maintenance, rebuilding of pool/spa area with machinery expansion, new computer system, time card system, internet system, TVs throughout the hotel, and more. There is no PIP due at this time. The Best Western Rama Inn benefits from being the only franchised hotel in the city as well as its location off of State Route 28. There has been a recent surge of construction of data centers in the Grant County region. A short drive from the hotel, these data centers are home to major tech companies including Microsoft, Amazon, and Salcido Enterprises, among others. It is located within 30 miles of attractions including Soap Lake, Lake Lenore Caves State Park, Sun Lakes-Dry Falls State Park, and more. Just 27 miles from the hotel is the Gorge Amphitheater, a 20,000+ seat venue known for scenic views, river gorge views, and summer weather. Gorge Amphitheater welcomed more than 550,000 visitors in 2024. The Best Western Rama Inn represents the opportunity to purchase a franchised hotel in a growing market with both transient and recreational/tourism demand. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Grant County region.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$301 USD /SF

# OF ROOMS

70

PRICE/ROOM

$142,857 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Rama Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

C2

APN/PARCEL ID

140156000

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.