Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale The Ashley Inn & Suites, a three-story independent hotel located in Lincoln City, a picturesque city in coastal Oregon. The property consists of 75 interior corridor guest rooms, an indoor saltwater pool & hot tub, patio with firepit, fitness center, business center, complimentary breakfast buffet, and spacious lobby with fireplace and convenience store. The hotel offers well-appointed, oversized guest rooms consisting of a good mix of kings, double queens, and several types of suites. Lincoln City features a continuous 7.5-mile stretch of sandy beaches, the longest among coastal Oregon towns. The area's climate is ideal for flying kites at the beach, with kite-flying festivals taking place in the area every Summer and Fall. The Ashley Inn & Suites is ideally situated half a mile from the coastline and Chinook Winds Casino. The property is also minutes from attractions including Connie Hansen Garden Conservancy, Devils Lake State Recreation Site, The Knoll Open Space & Trailhead, D River State Recreation Site, and more. Lincoln City also offers a medical center as well as an outlet mall, both located within two miles of the property. The Ashley Inn & Suites represents the opportunity to acquire a well-maintained, independent hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Lincoln City and coastal Oregon regions.