536 Elizabeth St, Newport, OR 97365-5012

This 179-key, four-story hotel in Newport, Oregon, presents a compelling investment opportunity. Situated on a 2.48-acre lot at 536 SW Elizabeth St, 97365, this fee-simple property boasts a prime location visible from US Route 101, near key attractions like Historic Nye Beach, Yaquina Bay Bridge, and the Oregon Coast Aquarium. Built in 1966, the hotel features an indoor pool, laundry service, and a business center. The property has consistently generated over $2.6 million in total room revenue, indicating strong potential for future growth. A renovation would further enhance its value and market position. The hotel is currently free of existing management and financing contracts, offering a clean and attractive investment opportunity for a buyer seeking to capitalize on the anticipated increase in RevPAR and higher net operating income. This upper midscale hotel offers a significant value-add opportunity in a thriving coastal market. The property's strong revenue history and strategic location make it an ideal acquisition for an experienced hospitality investor.