Gateway Inn at Mt. Rainier
Ashford, WA
Offered for sale at $3,750,000
Mixed Lodging Asset at Year-Round National Park Entrance
Gateway Inn at Mt. Rainier is a 37-key, midscale, limited-service property located at the year-round Nisqually gate to Mount Rainier National Park, which draws over 1.5 million visitors annually. The 2.7-acre site includes cabins, hotel rooms, and RV sites, with additional land for potential expansion or lodging upgrades. Former café, store, and gift shop spaces offer reconversion potential for added revenue. The unbranded asset benefits from direct highway frontage in a high-traffic corridor with strong seasonal occupancy. Seller financing is available for qualified buyers. (No Seller Financing on Down Payment.)
The hotel includes 14 standard and suite guest rooms, 15 standalone cabins with private bathrooms, and 8 RV sites with partial utility hookups.
INVESTMENT HIGHLIGHTS
-Midscale | Limited-Service | 37 Keys
-11.52% Cap, 22.89% ROI & 4.39 GRM
-Seller Financing Available On Principal Of Loan Only
-At Year-Round Mt. Rainier Nat’l. Park Gate
-Highway Frontage In High-Traffic Corridor
-Upside With Repositioning & Cosmetics
-Expansion Potential On Owned Acreage
-Potential Reconversion–Store/Café Space
-Full Offering Memorandum & Financials on CIP website
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.
Property Details- 37 Guest Rooms
- Has Owner's Quarters
- Built in 1935
- Last Renovated in 1986
- Opened in 1935
- Building is 13,367 SQFT
- Lot is 2.7 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $3,750,000
- Average Daily Rate: $161-$254
- Annual revenue is $432,006
- Terms: 11.52% Cap, 22.89% ROI & 4.39 GRM
- Prequalify for Financing
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