550 SE Highway 101 - Hospitality FOR SALE


Lincoln City, OR 97367
$5,499,000 USD
858-210-8282
550 SE Highway 101, Lincoln City, OR for Sale
$5,499,000 USD
Hospitality - FOR SALE
1/40
null | 2.93% Cap Rate

550 SE Highway 101
Lincoln City, OR 97367


HIGHLIGHTS

  • Great Size Parking Lot
  • Prime Coastal Location
  • Excellent Condition
  • Amazing Potential for Improvement
  • Positive Cash Flow
  • Full Absentee Ownership

OVERVIEW

?? Why This Hotel Is a Winning Investment This Lincoln City hotel presents a rare combination of stability, upside, and strategic coastal location—making it a standout acquisition for seasoned investors and hospitality operators alike. Despite being fully absentee-owned with zero marketing, the hotel continues to generate consistent profitability year after year. Its 51 extra-large guest rooms with kitchenettes, patios, and whirlpool tubs provide a unique competitive edge in the local market, catering to both short-term vacationers and long-term guests. Positioned on 3.35 acres along Oregon’s iconic Highway 101, the property includes a connected lot and infrastructure to add 21 more rooms—a value-add opportunity that’s rare for coastal markets. With franchise interest already in play, a brand conversion could immediately elevate ADR, RevPAR, and occupancy. Recent renovations (2021), modern amenities, and a prime tourism destination make this asset not only stable, but scalable. Whether you operate it independently or align with a national brand, this hotel is primed for enhanced cash flow, appreciation, and long-term success. This is not just a hotel—it’s a platform for growth in one of Oregon’s most reliable coastal economies.

FOR SALE DETAILS

PRICE

$5,499,000 USD

PRICE/SF

$241 USD /SF

# OF ROOMS

51

PRICE/ROOM

$107,824 {currency}

CAP RATE

2.93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palace Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2002

PARKING SPACES

51

LAND DETAILS

LAND ACRES

3.35 AC

LAND SF

145,926 SF

ZONING

G-C,R-M

APN/PARCEL ID

R157983

ASK ABOUT THIS PROPERTY

Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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Crystal LeeAmerican Real Estate GroupMore Info
858-210-8282

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