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6520 North 7th Street Suite 235
Phoenix, Arizona 85014
Phone: 602-954-7133 | Fax: 602-954-0996
info@apostlefitzgerald.com
La Quinta Inn & Suites
Portland NW, Oregon
 84 Guestrooms Offering Price: $4,300,000
Investment Overview: Apostle Fitzgerald & Company is pleased to present for sale the La Quinta Inn & Suites in the northwest section of Portland, just off of U.S. Route 30, the main route to the Oregon coast, from the City of Portland. Portland has a population of approximately 1.8 million within the greater metro area, and 500,000 within the city limits. The skyline of Portland is one of the best in the Pacific Northwest, with spectacular views of Mount Hood and Oregon's cascade Mountain Range.
Property Overview:
The property is a 84 room, AAA three diamond, 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.
| Price: |
$4,300,000 |
| Location: |
Portland, Oregon |
| Property Description: |
Limited Service |
| Property Age: |
Opened 1991 |
| Number of Units: |
84 |
| Living Quarters: |
None |
| Corridors: |
Interior |
| Public Area Amenities: |
Enclosed swimming pool, sauna & spa, fitness center |
| Site Size: |
1.94 (+/-) Acres |
| Trailing 12-month Occupancy: |
62.5% |
| Trailing 12-month Avg. Daily Rate: |
$63.86 |
| Trailing 12-month Room Revenue: |
$1,222,941 |
| 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.
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