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For Sale

Rodeway Inn Willamette River

345 Northwest 2nd Street,
Corvallis, OR 97330

Asset Snapshot

1980
Year Built
2
Floor Count
2
Building Count
72
Parking Spots
100%
Occupancy

Offering Summary

Investment Overview

The Rodeway Inn Willamette River offers a unique investment opportunity in Downtown Corvallis and home to the Oregon State University. The property includes a 63 unit, two story, interior corridor hotel building. The room types include four King size family suites with jetted spa baths, King single rooms, Queen single rooms, and Queen double rooms. A separate managers office building also includes a four bedroom, two bath managers apartment. In addition, there is a separate commercial building that houses the China Delight Restaurant and Lounge, a Corvallis fixture for more than two decades and six one bedroom, one bath apartment units above the restaurant and lounge. The hotel and restaurant can be acquired together or separately.


Investment Highlights

  • Sixty-three hotel rooms
  • Four bedroom, two bath managers apartment
  • Restaurant with Six- One bedroom apartment units above
  • Close proximity to restaurants, brew pubs, and coffee shops
  • Adjacent to the Willamette Riverfront Park
  • Close to Oregon State University Campus
  • Rodeway Inn and Chine Delight Restaurant can be purchased together at a listing price of $8,900,000.00
  • Rodeway Inn can be acquired separately for $7,500,000.00 and China Delight for $1,400,000.00

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Listing Syndicated From

Buildout
For Sale
$7,500,000
Asking Price