Commodore Hotel
Astoria, OR
Offered for sale at $2,400,000
View Complete Offering Package and Financials here:
https://crystalip.com/listings/CHAO25-Commodore-Hotel/
ABOUT THE COMMODORE HOTEL
The Commodore Hotel is an 18-key, historic, limited-service boutique hotel with views of the Columbia River. Located in the heart of downtown Astoria, this midscale, interior-corridor asset is less than one block from the Astoria Riverwalk.
The updated hotel retains its original character while supporting a modern guest experience. The room mix includes European cabin-style rooms with shared baths, appealing to budget-conscious travelers, and traditional river view suites with private baths.
A leased street-level restaurant and bar provides on-site food and beverage service and predictable lease income, giving a hotel owner the flexibility to focus on hotel operations.
The central location supports steady year-round drive-to leisure demand from the Portland and Seattle-Tacoma metro areas. Potential to add additional income through experience-driven hotel experience, tours, or guest packages.
INVESTMENT HIGHLIGHTS:
--Midscale | Limited-Service | 18 Keys
--Walkable, Downtown Astoria Location
--Modern European-style Cabins & River View Suites
--Exquisitely Restored Boutique Hotel
--Leased Restaurant (Featured On North Coast Food Trail)
--Drive-To Demand From Portland & Seattle
--High-Volume Coastal Tourism Market
--Historic Property With Modern Amenities
Please take a look at the Links for the complete offering package, financials, or to set up a tour of this property.
Financial Details- Offered for sale at $2,400,000
- Average Daily Rate: $102 - $156
- Annual revenue is $529,287
- Terms: Hotel sees year-round tourism, and has a 10.19% cap rate, 13.9% ROI, and 4.53 GRM (proforma) with operational efficiencies.
- Prequalify for Financing
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