Selkirk Motel | 369 S Main St
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Selkirk Motel 369 S Main St
18 Room Hotel Colville, WA 99114 £704,205 (£39,123/Room) 12.60% Net Initial Yield
Investment Highlights
- Corner lot
- Plenty of street parking
Executive Summary
Profitable 18-room motel in Colville, WA with 1-bed manager apartment.
Property: Motel is composed of two buildings. The first, built 1951-1952 houses the motel office, manager’s 1-bedroom apartment, laundry room, and 10 nightly rental rooms (4 Budget Queens, 5 Basic Queens, 1 Single). This building has been renovated but is older, and commands lower rates ($49-$89/night depending on room and season).
The second building was constructed in the 1970s and has a storage room and 8 nightly rental rooms (5 Kitchenettes, 1 Double, 2 Queens). This building has undergone extensive renovations and commands rates of $69-$159/night depending on room and season).
Buildings are 1-story and every room has its own private front door that opens into the parking lot. Parking lot holds 15 cars. The motel is a corner property and has plenty of street parking in addition to the lot.
Location: Downtown Colville location on Main Street, this motel lies on Hwy 395 and is midway between Spokane and Canada. Colville is the largest town in Stevens County and has only 3 hospitality properties so there is a scarcity of capacity serving a very large geographic area full of forests, outdoor activities, temporary workers.
Customers: we have a really broad mix of guests. We get significant bookings from:
• Contract workers
• Outdoors/fishing/hunting/skiing
• Community resource groups
• Visiting family/relocating
• Traveling through the area
• Visiting from Canada
• Locals
Our average booking last year was for 3.3 nights. The majority of our guests visit us regularly and stay a while. This helps us manage our staffing levels and enjoy serving the same people.
Operations: Staffed with fulltime manager & 2 part-time cleaners. Employees are awesome. Office hours are 10am to 6pm every day. 93% of our revenue was booked directly with us. 7% was booked through Expedia. 2023 Revenues: 374k. Op. Expenses: 258k. NOI: 116k. Website: www.SelkirkMotel.com
Property: Motel is composed of two buildings. The first, built 1951-1952 houses the motel office, manager’s 1-bedroom apartment, laundry room, and 10 nightly rental rooms (4 Budget Queens, 5 Basic Queens, 1 Single). This building has been renovated but is older, and commands lower rates ($49-$89/night depending on room and season).
The second building was constructed in the 1970s and has a storage room and 8 nightly rental rooms (5 Kitchenettes, 1 Double, 2 Queens). This building has undergone extensive renovations and commands rates of $69-$159/night depending on room and season).
Buildings are 1-story and every room has its own private front door that opens into the parking lot. Parking lot holds 15 cars. The motel is a corner property and has plenty of street parking in addition to the lot.
Location: Downtown Colville location on Main Street, this motel lies on Hwy 395 and is midway between Spokane and Canada. Colville is the largest town in Stevens County and has only 3 hospitality properties so there is a scarcity of capacity serving a very large geographic area full of forests, outdoor activities, temporary workers.
Customers: we have a really broad mix of guests. We get significant bookings from:
• Contract workers
• Outdoors/fishing/hunting/skiing
• Community resource groups
• Visiting family/relocating
• Traveling through the area
• Visiting from Canada
• Locals
Our average booking last year was for 3.3 nights. The majority of our guests visit us regularly and stay a while. This helps us manage our staffing levels and enjoy serving the same people.
Operations: Staffed with fulltime manager & 2 part-time cleaners. Employees are awesome. Office hours are 10am to 6pm every day. 93% of our revenue was booked directly with us. 7% was booked through Expedia. 2023 Revenues: 374k. Op. Expenses: 258k. NOI: 116k. Website: www.SelkirkMotel.com
Property Facts
| Price | £704,205 | Lot Size | 0.33 AC |
| Price Per Room | £39,123 | Building Size | 5,728 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Net Initial Yield | 12.60% | Number of Floors | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1951/2022 |
| Property Subtype | Hotel | Parking Ratio | 2.62/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £704,205 |
| Price Per Room | £39,123 |
| Sale Type | Investment |
| Net Initial Yield | 12.60% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,728 SF |
| No. Rooms | 18 |
| Number of Floors | 1 |
| Year Built/Renovated | 1951/2022 |
| Parking Ratio | 2.62/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | £71.20 | - |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £399,920 | |
| Land Assessment | £57,632 | Total Assessment | £457,552 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£57,632
Improvements Assessment
£399,920
Total Assessment
£457,552
zoning
| Zoning Code | Commercial (Commercial Zoning) |
| Commercial (Commercial Zoning) |
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Selkirk Motel | 369 S Main St
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