2300 N Hayden Island Dr - Hospitality FOR SALE


Portland, OR 97217- Hayden Island
$10,950,000 USD
909-456-3481
2300 N Hayden Island Dr, Portland, OR for Sale
$10,950,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

2300 N Hayden Island Dr
Portland, OR 97217
Hayden Island


HIGHLIGHTS

  • Well-Appointed, IHG-Branded Hotel Located in Oregon's Largest City
  • Recently Renovated in 2024 with Full Formula Blue PIP Completed
  • Ideally Situated on Hayden Island, Offering Quick Access to Interstate 5 and Convenient Routes to Both Vancouver and Portland
  • 7 Miles from the Port of Portland, which Manages 40% of Pacific Northwest Cargo
  • 8 Miles from Portland International Airport, which Welcomed 17+ Million Passengers in 2024
  • A 20-Minute Drive to the Moda Center and Convention Center, which Together Welcome Thousands of Visitors Annually

OVERVIEW

David Tabata // Broker of Record // License OR 201224889 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 Holiday Inn Express & Suites Portland-Jantzen Beach, a four-story hotel located in Portland, the largest city in Oregon. Recently renovated in 2024 with a full Formula Blue PIP completed, the property features 74 interior corridor guest rooms, an indoor pool and spa, fitness center, business center, complimentary breakfast buffet, sundry shop, and 475 square feet of meeting and event space. The Holiday Inn Express & Suites Portland-Jantzen Beach is strategically situated on Hayden Island, offering exceptional access to both Portland and Vancouver. Portland is recognized for its robust technology sector, anchored by the Silicon Forest, and serves as the headquarters for global companies such as Nike. The city features a dynamic cultural landscape, distinguished universities, and extensive recreational opportunities. This property provides convenient connectivity to downtown Portland, major healthcare facilities, Portland International Airport, and prominent venues including the Portland Expo Center, Moda Center and Convention Center, which attract thousands of visitors annually. The Holiday Inn Express & Suites Portland-Jantzen Beach represents the opportunity to acquire a franchised 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 Portland region.

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$241 USD /SF

# OF ROOMS

74

PRICE/ROOM

$147,973 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Portland-Jantzen

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

CGX

APN/PARCEL ID

R239725

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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