For Auction

Quality Inn and Rodeway Inn & Suites | 83 Rooms | $1.5M Room Revenue

139 Northeast Goodfellow Street,
Ontario, OR 97914

Asset Snapshot

Real Estate
Asset Type
Hospitality
Property Type
Limited Service
Hospitality Subtype
1973
Year Built
2016/2019
Year Renovated
2
Floor Count
2
Building Count
83
Number of Rooms
2.97 Acres
Land Area

Offering Summary

Investment Highlights

  • 83-Room, Quality Inn and Rodeway Inn & Suites on a Large 2.97-AC Parcel
  • Modern Amenities including Heated Indoor Pool, Business Center, Fitness Center, Complimentary Breakfast, and More
  • Prime Location Just Off I-84 Along the Oregon-Idaho Border Midway between Salt Lake City and Portland
  • Nearby Demand Generators include Ontario Train Depot, Four Rivers Cultural Center & Museum, Malheur County Fairgrounds, and more
  • Attractive Demographics with a Growing Population of ±34,210 Individuals and Annual Household Income of ±$68,467 (5-Mile Radius)
 

Offering Summary

Marcus & Millichap is pleased to offer for sale the Quality Inn and Rodeway Inn & Suites, a 83-room hotel located at 139 Northeast Goodfellow Street in Ontario, Oregon (the “Property”). The Quality Inn and Rodeway Inn & Suites represents the opportunity to acquire a dual-branded hotel in a stable market.
 
The hotel consists of two buildings constructed in 1973 and renovated in 2016 & 2019 on a large ±2.97-acre parcel. Amenities offered at the property include a heated indoor pool, business center, fitness center, complimentary breakfast buffet with large dining area, complimentary coffee in lobby and more. The current ownership employs a very loyal staff at this property, with most of the staff working there for 2+ years. The hotel also consistently receives strong guest scores. The Property is ideally located off Interstate 84, providing ease of access for commerce and tourism.
 
Quality Inn and Rodeway Inn are affiliates of Choice Hotels International, Inc., one of the largest and most successful lodging companies in the world. Choice currently franchises more than 7,000 hotels, representing nearly 570,000 rooms in more than 40 countries and territories. Ranging from limited service to full-service hotels in the economy, midscale and upscale segments, Choice-branded properties provide business and leisure travelers with a range of high-quality, high-value lodging options throughout the United States and internationally.
 
The hotel is ideally located off Interstate 84 in Ontario, Oregon, a city located along the Oregon-Idaho border, halfway between Salt Lake City and Portland. Ontario is centrally located amongst Malheur National Forest, Wallowa-Whitman National Forest, Salmon-Challis National Forest and Boise National Forest. Additionally, the city is only 1 hour from Boise. The Property is a 3-mile drive to Ontario Municipal Airport and near various dining and retail options such as Country Kitchen, Walmart, Home Depot, and numerous QSRs. The area is characterized by compelling demographics, with a 2024 population of ±34,210 people and an average annual household income of ±$68,467 within a 5-mile radius. The region has experienced significant growth, with a population increase of ±7.34% from 2020-2024, and is projected to continue expanding by ±11.33% from 2024-2029 within a 5-mile radius.

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Auctioneer

Tim Stuart
c/o Fisher Auction Company, Inc.
License: PB#990200191

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Closed

This asset was part of the December 11th, 2024 auction event, resulting in a successful transaction that closed in just 74 days.
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Investment Sales Brokers

DT
David Tabata
Marcus & Millichap
OR License: 200709023

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.