Packwood Lodge - ACCEPTED OFFER!

Washington, United States

$4200000

Sale conditions: Market

Snapshot

Active

Type: Hotel
Chain / Market Scale: Midscale
Brand: 103
No. of Keys: 30
Site Size: 2.70 AC

ACCEPTED OFFER - Seller will consider offers in backup position only.

Packwood Lodge is an independent, 30 key, select-service hotel with a leased restaurant. Extensive capital improvements, including 21 updated guest rooms or suites and 9 detached cabins. The property includes a lobby with a breakfast area, office, laundry room, and Owner’s Quarters. The approximately 2500 sq. ft. leased restaurant is hotel adjacent. Owner’s Quarters is approximately 1000 sq. ft., 2 bedrooms, 1 bathroom, ample living area, a full kitchen, extra storage, and private entrance.

Rooms and suites, fully remodeled in 2015 include flatscreen TVs, mini-fridges, microwaves, and coffee makers. In addition, high-speed wireless internet is available throughout the lodge. Cabins, completed in 2019, feature a kitchenette, dining area, jacuzzi tub, bathroom with shower, and outdoor decking.

Located along the Highway 12 corridor, the hotel has highway visibility and easy access. Just 2.5 hours from Portland and Seattle metropolitan areas, the hotel is 4 miles from the Mt. Rainier National Park entrance, attracting visitors year-round.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Chain / Market Scale: Midscale
Brand: 103
Keys: 30
Building Status: Existing
No. of buildings: 12
Stories: 2
Building size(SF): 15582
Site size: 2.70 AC
Year Build: 1969
Year Renovated: 2019
Room Inventory Description:

03 - King Suites (1 King Bed, 1 Double Bed)
07- King Single Rooms
11- Double Rooms (2 Double Beds)
09 - Detached Cabins (1-2 Beds Each)
----
30 Total Keys

Common area amenities:

Other

High Speed Internet

Breakfast Area

Leased Lounge

Lounge

Leased Restaurant

Restaurant

Source of Business:

Other

Group

Transient

Corporate

Leisure

Commercial

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. Please call with questions regarding this requirement.

Additional Links:

Location


Country: United States
State: Washington
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

Brokers

Joseph P. Kennedy, CHB

President
Crystal Investment Property, LLC

ID #SP41734
OR #950700057
WA #118409

503 530 1316
info@crystalip.com


Michelle L Kennedy

Principal and Designated Broker
Crystal Investment Property, LLC

ID #DB41712
MT #RRE BRO LIC 5471
OR #970700090
WA #17065

503 530 1316
michelle@crystalip.com


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