PRICE REDUCED!

The Olympic Inn & Suites is a 54-key, limited-service, independent hotel ideally located in a Washington State Opportunity Zone. This exterior corridor hotel has had extensive updates completed throughout 2021 & 2022 and is turn-key ready. Shared amenities include a lobby, business center, and ample meeting & event space. In addition, Olympic Inn & Suites features a recently renovated approximately 1100 sq. ft. Owner’s quarters with 2 bedrooms, 2 bathrooms, and a full kitchen with easy office access. Perfect for Owner, Operator or on-site management. The hotel presents a value-add opportunity by improving and optimizing operations, marketing, and guest experience. The hotel also has the potential to be franchised, allowing buyers to align with a recognized brand and benefit from its marketing and support.

Guest room mix includes a selection of King Deluxe, King Double Deluxe, Queen Double Deluxe, Kitchen Suites, and Family Suites. In addition, guest amenities may consist of a mini-refrigerator, microwave, coffee maker, flat-screen television with premium channels, high-speed wireless internet (WiFi), and individual heat & air conditioning.

Near to Grays Harbor Port and approved $100M+ port redevelopment & expansion projects. This hotel is well-situated for business and leisure travelers. The property has excellent Highway 101 visibility, access, and ample parking. In addition, the hotel features excellent proximity to downtown Aberdeen, restaurants, galleries, museums, and shopping.

Highlights:

Room Inventory Description:

54 Guest Rooms Total

18 - King Deluxe (1 King Bed)
10 - King Double Deluxe (2 King Beds)
21 - Queen Double Deluxe (2 Q)
03 - Kitchen Suites (1 Q & 2 Double beds)
02 - Family Suites (1 Q & 2 Double beds)

Sale Note:

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

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