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Hotel Garibaldi 502 Garibaldi Ave

50 Room Hotel Garibaldi, OR 97118 £4,107,863 (£82,157/Room) 9% Net Initial Yield

Investment Highlights

  • High Barrier Market, Boutique Branded, Interior Corridor with an Elevator

Executive Summary

Introducing the Hotel Garibaldi, a boutique hotel located in the coveted, high-demand market of the Oregon Coast. Located in the heart of Garibaldi, this boutique property features 50 well-appointed rooms, each meticulously designed to provide guests with unparalleled comfort and convenience.
This prime location makes Hotel Garibaldi an ideal destination for both leisure and business travelers seeking a serene coastal experience. The Tillamook Bay offers scenic views and outdoor adventures, while the historic Oregon Coast Scenic Railroad provides a nostalgic journey through the region’s landscapes. Additionally, numerous local shops and eateries add to the hotel’s appeal, offering a unique experience.
The Hotel Garibaldi is well-maintained and thoughtfully appointed, ensuring that every guest enjoys a comfortable and unforgettable experience, making it an exceptional investment opportunity in a high-barrier-to-entry market.
Below are some of the over 1,000 reviews the property has received from their guests:
“Very good experience. Great breakfast”
“Clean! Friendly and professional front desk”
“Morning breakfast was excellent. Great variety and fresh”
“We liked the small town feel and being super close to The Oregon Scenic Railroad. The staff was extremely friendly and helpful”
“Clean. Check-in was easy. Everything we needed was within walking distance. Thumbs up”
“Very friendly staff, great breakfast, and everything was clean”
To sign an online NDA or register your Buyer, please go the this link: https://www.hotelinnvestments.com/offering-memorandum-hotel-garibaldi

Property Facts

Price £4,107,863 Lot Size 0.69 AC
Price Per Room £82,157 Building Size 26,652 SF
Sale Type Investment No. Rooms 50
Net Initial Yield 9% Number of Floors 3
Property Type Hospitality Year Built/Renovated 1998/2018
Property Subtype
Hotel
Corridor Interior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £4,107,863
Price Per Room £82,157
Sale Type Investment
Net Initial Yield 9%
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.69 AC
Building Size 26,652 SF
No. Rooms 50
Number of Floors 3
Year Built/Renovated 1998/2018
Corridor Interior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Business Centre
  • Fitness Centre
  • Restaurant
  • Spa
  • Meeting Event Space

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 £103.28 -
Guest Room 48 £70.42 -

Links

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PROPERTY TAXES

Parcel Number R0005684 Improvements Assessment £1,547,983
Land Assessment £318,637 Total Assessment £1,866,621

PROPERTY TAXES

Parcel Number
R0005684
Land Assessment
£318,637
Improvements Assessment
£1,547,983
Total Assessment
£1,866,621

zoning

Zoning Code C
C
(916) 390-4240

  • Listing ID: 32746200

  • Date on Market: 09/08/2024

  • Last Updated:

  • Address: 502 Garibaldi Ave, Garibaldi, OR 97118

The Hospitality Property at 502 Garibaldi Ave, Garibaldi, OR 97118 is currently available For Sale. Contact KW Commercial for more information.

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© 2024 CoStar Group

Hotel Garibaldi | 502 Garibaldi Ave
(916) 390-4240 x

Hotel Garibaldi | 502 Garibaldi Ave

Dan Hayward

(916) 390-4240

(916) 390-4240

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