Exclusively offered by Dominic Henderson and Mitchell Glasson, Matthews Real Estate Investment Services™, the Rodeway Inn Baker City presents a compelling economy-segment hospitality investment with strong in-place cash flow, measurable upside potential, and a strategic location along Interstate 84.
The 53-key property is currently achieving a 10.60% cap rate based on 2024 performance, with revenue momentum projecting an 11.74% cap rate in 2025. Year-to-date revenue is already 31% ahead of the prior year, supported by stable local demand drivers and seasonal tourism.
Baker City benefits from a diversified visitor base, including outdoor recreation enthusiasts, heritage tourists, and regional contractors. The market remains underserved in the hospitality sector, with the asset indexing at just 46.00% of its STR CompSet, providing significant opportunity for growth through targeted rate strategies and improved management practices.
Physically, the property is in strong operational condition with minimal PIP exposure, situated on a ±1.45-acre parcel and offering ±3,500 SF of meeting/restaurant space for additional revenue potential.
Tim Campbell
License No. 7901000087 (OR)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 High Street,
#300, Eugene, OR 97401