Shilo Inns Newport Oceanfront

Legacy Asset: The Shilo Inns Newport Oceanfront is an upper midscale hotel featuring 179 spacious guest rooms and several amenities such as 2 indoor pools, fine dining restaurant and lounge, as well as a separate Cafe. The Property is comprised of a total of five buildings, with a blend of interior corridor as well as exterior corridor rooms. This Legacy Property includes 900 feet of prime ocean beach frontage as well as spectacular views of the Pacific Ocean from each guestroom.

Prime Location with Easy Access to Market Demand Generators: The Property is visible from U.S Route 101 and located nearby some of Newport’s primary demand generators, including Historic Nye Beach, Yaquina Bay Bridge, Yaquina Head Lighthouse, Hatfield Marine Science Center, and Oregon Coast Aquarium. With more than 60 miles of uncrowded beaches, the natural beauty of the area offers visitors many unique opportunities to explore. An active working waterfront, the Historical Bayfront area is home to one of Oregon’s largest commercial fishing fleets. It is also an intriguing cultural district, with shops, art galleries, chowder houses, and restaurants right next to fish processing plants and historic buildings. Today’s visitors and locals alike enjoy numerous year-round outdoor activities, entertaining attractions, a variety of restaurants and unique shopping opportunities.

Strong Revenues with Room for Growth: Strategically positioned within a $140+ RevPAR market, the subject property is expected to become a top performer within the competitive set. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow through.

Value Add Opportunity: Although the Property is in good condition, an impending renovation would present a significant value add opportunity, further positioning the hotel as the submarket leader.

Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

CO-BROKER
Jordan Schack
Hilco Real Estate, LLC
P: (847) 504-3297
E: jschack@hilcoglobal.com

BROKER OF RECORD
David Tabata
Oregon
P: (503) 200-2000
Lic #: OR 201224889
Firm Lic #: OR 200709023