The State Inn - IN CONTRACT

Washington, United States

$1050000

Sale conditions: Market

Snapshot

In Contract

Ownership: Fee Interest
Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Economy
Brand: Independent
Corridor: Exterior
No. of Keys: 31
Site Size: 0.41 AC

IN CONTRACT - This property is currently in contract, the seller will consider offers in backup position only.

The State Inn is a recently updated, independent hotel featuring 31 exterior corridor rooms in the heart of the thriving college town of Pullman, Washington. Built in 1972 and thoroughly renovated in 2017, the hotel has over $300,000 in improvements. The hotel is centrally located on Main Street, featuring unmatched walkability to nearby shops, restaurants, galleries, and events. The property has excellent proximity to Washington State University (WSU), the foremost economic driver of the city. The hotel is convenient for business or leisure travelers visiting the University.

The State Inn has a mixture of Queen Singles, Queen Doubles, Queen Suites, and King Suites. The property features basic economy hotel guest amenities, including free high-speed WiFi, kitchenettes, and pet-friendly accommodations.
approx. 200 sq.ft. meeting, breakfast, or gathering space available.

Property also features a spacious approx. 1,000 sq.ft. Owner’s Quarters, with 1 bedroom, 1 bathroom, and a full kitchen, ideal for an Owner-Operator or an on-site Manager.

Highlights:

General Property Information


Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Economy
Additional Property Type: Hotel
Brand: Independent
Corridor: Exterior
Keys: 31
Building Status: Existing
No. of buildings: 2
Stories: 2
Building size(SF): 12000
Site size: 0.41 AC
Construction Type: Wood Frame
Year Build: 1972
Year Renovated: 2017
Room Inventory Description:

14 -- Queen Single
06 -- Queen Double
04 -- Queen Double Suite
05 -- Queen Double Kitchenette
02 -- King Suite

Common area amenities:

High Speed Internet

Source of Business:

Group

Corporate

Leisure

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:

3rd Party Website



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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