521 W Wishkah St - Hospitality FOR SALE


Aberdeen, WA 98520
$4,400,000 USD
818-851-3314
521 W Wishkah St, Aberdeen, WA for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

521 W Wishkah St
Aberdeen, WA 98520


HIGHLIGHTS

  • 65 Unit, 2 Story, Exterior Corridor Hotel
  • Prime Coastal Location on US-101 Freeway, just 2 Hours from Seattle
  • 2024 Revenue: $1,010,445
  • Profitable with 2024 Net Income of $431,281, Nearly a 10% Cap Rate
  • Manager's Quarters Available
  • Located in an Opportunity Zone

OVERVIEW

The Travelodge by Wyndham in Aberdeen, WA, is a 65-unit, exterior-corridor, two-story hotel with prime coastal location near the city of Ocean Shores and 2 hours from Seattle directly on US-101 Freeway. The hotel is located in an opportunity zone, providing potential preferential tax treatment. This well-maintained property offers a variety of amenities, including RV and truck parking, free breakfast, and 24-hour front desk service. Additionally, the hotel includes a one-bedroom manager's apartment. Recent renovations, made by the previous owner, included the installation of high-quality LVT flooring. The hotel is profitable, with a Net Income of $427,066 resulting in a cap rate of just under 10%. The Econo Lodge Inn & Suites in Hoquiam, WA, a nearby competing hotel, recently sold in February 2025 and is no longer operating as a hotel, leaving potential upside in bookings moving forward. Aberdeen has seen significant growth and development in recent years. The city has focused on revitalization efforts, infrastructure improvements such as the US 12 Highway-Rail Separation project, and flood protection initiatives. Additionally, Aberdeen has welcomed a new grocery store and is expanding facilities like Grays Harbor College. Key demand generators in the region include healthcare, public administration, retail trade, manufacturing, fishing, and timber. Prominent employers in Aberdeen include Grays Harbor Community Hospital, Sierra Pacific Industries, Simpson Door Plant, and the City of Aberdeen.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$209 USD /SF

# OF ROOMS

65

PRICE/ROOM

$67,692 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge by Wyndham Aberdeen

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

GC

APN/PARCEL ID

029405900200

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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