122 Main St Omak, WA 98841

This exceptional 61-unit Rodeway Inn & Suites presents a compelling investment opportunity in Omak, Washington. Situated on a 0.49-acre lot at 122 N Main St, this two-story, exterior-corridor hotel boasts a prime location serving as a gateway to the Okanogan-Wenatchee National Forest. Built in 1958, the property includes one building and features recently updated infrastructure, including roof repairs/replacements within the last four years and a repaved parking lot. The hotel's 61 keys generated $525,911 in room revenue in 2023, achieving an average daily rate (ADR) of $64.90. A significant advantage is the on-site manager's apartment, complete with a full kitchen, ideal for an owner-operator. The property's current performance indicates substantial upside potential due to past mismanagement under an absentee owner. Omak's thriving economy, driven by agriculture, forestry, tourism, and recreation, provides a strong foundation for future growth. The hotel's proximity to Seattle (approximately 235 miles) and Spokane (approximately 140 miles) further enhances its appeal. The property's APN is 1420042400. This is a limited-service property with significant potential for increased profitability under effective management. The asking price is $1,980,000.