6520 North 7th Street Suite 235
Phoenix, Arizona 85014
Phone: 602-954-7133 | Fax: 602-954-0996
info@apostlefitzgerald.com

La Quinta Inn & Suites
Albany, Oregon


62 Guestrooms
Offering Price: $2,650,000

Investment Overview:
Apostle Fitzgerald & Company is pleased to present for sale the La Quinta Inn & Suites located in Albany, Oregon.  The City of Albany in the Willamette Valley is just a few miles north of Corvallis, and 24 miles south of Salem.  Known for its downtown commercial and historic districts, Albany is a year-round destination for tourists, touring the more than 350 Victorian homes and businesses.  The La Quinta Inn & Suites is located just off of Interstate I-5 at exit 234B.

Property Overview:
The property is a 62 room, three-story, interior corridor hotel.  The existing improvements, located within one building, include a lobby with front desk and back office work area, breakfast area, an administrative office, meeting room, small gift shop area, a combination laundry and housekeeping facility, and an enclosed swimming pool, sauna, spa and fitness center.   Spa & kitchenette suites, as well as standard guestrooms, feature 25" TV's, coffee makers, hair dryers, irons/boards, refrigerators and microwaves.  The beautifully decorated and spacious guestrooms are accessed from the lobby, and are located on three separate floors.  The property opened in 1989 and in 2000, twelve (12) newly constructed suites were added to the guestroom inventory.

Price: $2,650,000
Location: Albany, Oregon
Property Description: Limited Service
Property Age:    Opened 1989
Number of Units: 62
Living Quarters: None
Corridors:    Interior
Public Area Amenities:   Enclosed swimming pool, sauna & spa, fitness center
Site Size: 1.67 (+/-) Acres
Land: Leased
Trailing 12-month Occupancy: 63.1%
Trailing 12-month Avg. Daily Rate: $61.81
Trailing 12-month Room Revenue: $880,000
Per Unit Price: $42,750
Financing:    New Required

Note: The information shown above has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness.