Hotel Hardware
Seattle, WA
Offered for sale at $1,999,999
DITCH THE HOUSING PAYMENT AND TRADE CITY LIFE FOR BRICK WALLS, ROAMING WILDLIFE, WINE FROM THE SOURCE, AND NEON SUNSETS FROM THE ROOFTOP.
Value add opportunity in Historic Dayton, WA, the gateway to Palouse Falls, Bluewood Ski and Walla Walla Wine Country. Award winning historic renovation. Building was thoughtfully restored in 2024. No expense was spared including upgrading systems. Building offered at a significant discount to developer cost and appraisal value. Considerable upside through concept and management repositioning. All business assets are included in the sale. Not considering seller financing. SBA 504 with 15% down is recommended.
The famed landmarked building was built in 1890 by beer mogul Jacob Weinhard , nephew of Henry Wienhard. The property rests in the comforting shadow of the Bluewood Maintains/Umatilla National Forest and the roaming hills of the Palouse. In the hotels’ brief existence, the Hotel Hardware has caught the attention of the Seattle Times, 1889 Magazine, Northwest Travel Magazine, and Seattle Met. The owners no longer live in market and are running it passively. Tremendous upside in activating the hotel to its operational potential.
Property Details- 15 Guest Rooms
- 15 Guest Room Baths
- Has Owner's Quarters
- Built in 1890
- Last Renovated in 2024
- Opened in 1995
- Building is 10,140 SQFT
- Lot is 0.24 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,999,999
- Occupancy Rate: 45%
- Average Daily Rate: 150
- Annual revenue is $450,000
- Terms: Pro Forma. 2025 occupancy was 15% at $170 ADR. Hotel was never staffed. Owners operate hotel remotely on best efforts basis. Historical occupancy since 1995 is avg 45%. On-site bar/coffee shop with co
- Prequalify for Financing
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