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Imperial River Company - Huge Updates! 304 Bakeoven Rd

25 Room Hotel Maupin, OR 97037 £4,499,088 (£179,964/Room) 13.16% Net Initial Yield

Investment Highlights

  • 25-Key Lodge In Ideal Riverfront Location
  • On-site Restaurant & Lounge
  • World-Class Rafting Amenities
  • 27 Oversized RV Sites with Full Hookups
  • Large Meeting, Event, & Wedding Spaces
  • Year-Round Demand Drivers

Executive Summary

Central Oregon Riverfront Lodge, RV Sites, & Restaurant
Imperial River Company & RV is located in the heart of Maupin, Oregon, on the lower Deschutes River. With 16 river view lodge rooms, 9 hotel rooms, and 27 oversized RV sites, the hotel has 52 unique riverside accommodations with unparalleled access to the river. Rooms are pet-friendly and smoke-free, with amenities that include coffee makers, refrigerators, hair dryers, wader dryers, queen- or king-size beds, fiber internet with Wi-Fi access, and air conditioning. The property also has jetted tubs, vaulted ceilings, and outdoor furniture for guests. Ground-floor rooms feature patios, while 2nd-floor rooms have scenic deck views.

With over 1/4 mile of river frontage, a private boat dock, a sand volleyball court, and an outdoor firepit in the courtyard, the hotel offers visitors incredible access to recreational & leisure activities.
The hotel includes a ~650 sq.ft. conference & event room, and an outdoor lawn that can accommodate large parties and gatherings. This group facility features large glass doors that open onto the courtyard and is perfect for weddings, conferences, and group events. Guests can also opt to go on world-class whitewater rafting trips on the Deschutes River with certified guides and top-notch facilities.
Location:
Maupin, Oregon, is located just 45 minutes south of The Dalles on Highway 197 in the Columbia Gorge and a short drive from the Portland and Bend areas. The town is best known for world-class white water rafting on the lower Deschutes River and draws thousands of adventure-seekers to its banks each summer. In the shoulder seasons, Maupin hosts scores of fishing enthusiasts, road and gravel cyclists, bird and game hunters, and travelers seeking a quiet, relaxing escape.
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. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Property Facts

Price £4,499,088
Price Per Room £179,964
Sale Type Investment
Net Initial Yield 13.16%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 8.74 AC
Building Size 15,620 SF
No. Rooms 25
Number of Floors 2
Year Built 1970
Corridor Exterior

Amenities

  • Restaurant
  • High Speed Internet Access
  • Meeting Event Space

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 1 £167.44 -
Guest Room 24 £89.20 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12136
  • 13648
  • 12137
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,462,731

zoning

Zoning Code RC
RC
  • Listing ID: 28263347

  • Date on Market: 18/04/2023

  • Last Updated:

  • Address: 304 Bakeoven Rd, Maupin, OR 97037

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