61200 S Highway 97 - Hospitality FOR SALE


Bend, OR 97702- Old Farm District
$6,425,000 USD
805-557-8857
61200 S Highway 97, Bend, OR for Sale
$6,425,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

61200 S Highway 97
Bend, OR 97702
Old Farm District


HIGHLIGHTS

  • Leasehold Interest in a La Quinta Hotel
  • MOTIVATED SELLER - MAKE AN OFFER
  • 65 Units, 3 Story, Interior Corridor
  • Offered at a 3.4x 2025 RRM
  • 2025 REV: $1,885,795
  • 2024 REV: $1,936,802

OVERVIEW

Brendan ‘Mac’ Bleier is pleased to present the La Quinta by Wyndham in Bend, Oregon, a well-positioned hotel offered on a ground lease. Located in one of Oregon’s fastest-growing markets, the property benefits from strong demand driven by both regional and out-of-state leisure travel. The hotel has been well maintained, though absentee ownership has resulted in elevated operating costs, creating a clear opportunity for a new owner to improve efficiency while maintaining strong RevPAR performance. This offering represents a compelling value-add opportunity to acquire a high-performing asset in the highly desirable Bend, Oregon market.

FOR SALE DETAILS

PRICE

$6,425,000 USD

PRICE/SF

$188 USD /SF

# OF ROOMS

65

PRICE/ROOM

$98,846 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Bend

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

CH

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew PostBowman Post GroupMore Info
805-557-8857

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Andrew PostBowman Post GroupMore Info
805-557-8857

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