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Riverfront Hospitality Opportunity in Bend

3105 O B Riley Rd Bend, OR 97703

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For Sale
$14,000,000

Legacy property with 151 guest rooms on Deschutes River.

Added:
Feb 6, 2026
Days on Market:
155
Last Refresh:
May 25 at 11:17 am

Property Features for 3105 O B Riley Rd

General Information

Standard status
Active

Listing office Varsity Real Estate

Listing date Feb 6, 2026

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Varsity Real Estate


Investment Insights

Based on property information with market context.

This legacy property presents a rare hospitality opportunity along the Deschutes River in Bend, Oregon. The property features 151 guest rooms, a single-family residence with a lower apartment, and an additional apartment attached to the lobby. Situated on expansive grounds, the property includes multiple pools, hot tubs, saunas, on-site restaurant space, and banquet/event facilities. Originally constructed in the mid-1980s, the property has historically served as lodging for travelers and long-term guests in Central Oregon. The property's compelling fundamentals include river frontage, scale, existing infrastructure, and zoning. This is a value-add and repositioning opportunity suited for an experienced operator, developer, or investor seeking to reimagine or redevelop a landmark asset.

Key Highlights

  • Irreplaceable Deschutes River frontage.
  • Substantial scale with 151 guest rooms, single‑family residence, and additional apartments.
  • Existing infrastructure including multiple pools, hot tubs, saunas, restaurant space, and banquet/event facilities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Garden Center Locksmith (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Wine and Liquor Store Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Hotel - Legacy property with 151 guest rooms on Deschutes River.
Where is this hotel located?
The property is located at 3105 O B Riley Rd Bend, OR.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Irreplaceable Deschutes River frontage.; Substantial scale with **151 guest rooms**, single‑family residence, and additional apartments.; Existing infrastructure including multiple pools, hot tubs, saunas, restaurant space, and banquet/event facilities.
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