Steamboat Inn - IN CONTRACT!
Offered for sale at $3,750,000
IN CONTRACT - Seller will consider offers in backup position only.
10.20% Cap Rate, 17.24% ROI & 2.21 GRM
Steamboat Inn is an 18 key, full-service, upper midscale, independent resort property. The property sits on US Forest Service (USFS) land in the Umpqua National Forest and operates under a USFS special use permit. The hotel has excellent highway visibility and access. The main lodge features a “Library Lounge” with an extensive award-winning wine list, local beer, and spirits. A welcoming fireplace, book collection, and games complete the lounge/bar area. A gift shop is available on-site for souvenirs, and essentials. The hotel features a unique mix of cabins, suites, cottages, and houses located on the North Umpqua River.
Built in 1953 and extensively updated in 2019, Steamboat Inn is well-known for world-class fly-fishing, gourmet food, and scenic views. With three wedding sites, space for up to 100 guests, and lodging for 58 guests, the hotel is an ideal location for intimate weddings and events. The restaurant features farm-to-table dining options for guests as well as wedding/event menus.
Idleyld Park is a great little town. It’s got that off-the-beaten track, locals-only, undiscovered territory kind of charm. Idleyld Park is 21 miles east of Roseburg, Oregon, and a favorite for locals and tourists alike. The Rogue-Umpqua Scenic Byway offers stunning views from Highway 138 to Crater Lake through the Umpqua National Forest. 350 miles of trails are maintained for year-round use, 1,150 miles of roads maintained for car travel, and 4 staffed lookouts allow easy access to this natural wonder. Hiking, biking, kayaking, paddleboarding, river rafting, and fishing attract visitors looking to relax in nature.
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. Please call with questions regarding this requirement.