Investing in hotels in Bend, Oregon can be a lucrative venture, as the city's growing popularity as a tourist destination and its strong economy create a high demand for accommodations. Hotels in Bend offer a range of investment opportunities, from boutique hotels to larger establishments, each catering to different types of travelers and offering unique experiences. With its rich history, outdoor recreational activities, and cultural attractions, Bend is an attractive destination for visitors, making hotels a solid investment choice. The city's infrastructure, including the Bend Municipal Airport and major highways, ensures easy accessibility for tourists. Additionally, Bend's amenities, such as Mirror Pond, breweries, and the last Blockbuster video-rental store, make it an attractive place to visit and stay. The city's strong economy, driven by industries like tourism, healthcare, and professional services, also contributes to its appeal as a hotel investment destination.
With 1 hotels for sale in Bend, investors have a range of options to choose from. Bend's hotel market is characterized by an average price per square foot of $231 USD, with an average size of 34,154 square feet, and a largest size of 34,154 square feet. The average cap rate for hotels in Bend is 8.6%. In addition to hotels, Bend also offers other investment opportunities, such as restaurants, apartment buildings, and shopping centers. Restaurants in Bend benefit from the city's growing food scene, while apartment buildings cater to the increasing demand for housing. Shopping centers, like the Old Mill District, offer a unique blend of shopping, dining, and entertainment options. With its diverse economy and attractions, Bend is an attractive destination for investors looking to diversify their portfolios.
What factors should I consider when buying a hotel in Bend?
When considering buying a hotel in Bend, Oregon, there are several key factors to take into account, including:
- The local tourism industry, which is a significant contributor to the city's economy, and how your hotel can capitalize on the area's outdoor recreational opportunities and attractions like Mirror Pond and Mount Bachelor ski resort.
- The current market conditions, with 1 available listings of hotels for sale, and the average price per square foot, which is $231 USD, and average size, which is 34,154 square feet, to ensure you're making a competitive offer.
- The potential return on investment, considering the average cap rate of 8.6%, and the local infrastructure, including the Bend Municipal Airport, Roberts Field commercial airport, and the Cascades East Transit bus system, which can impact your hotel's accessibility and appeal to guests.
It's also essential to explore financing options, such as CRE loans, which can help you secure the necessary funding for your hotel purchase. For more information on commercial real estate loans, check out our article at CRE loans.
How is the value of a hotel for sale typically calculated?
In Bend, Oregon, where there are currently 1 hotels for sale, the value of a hotel is typically calculated through a comprehensive CRE appraisal, which takes into account factors such as the property's income, expenses, and local market conditions. To learn more about the CRE appraisal process and how it affects the value of a hotel for sale, check out our article at CRE appraisals, which provides an in-depth look at this critical step in commercial real estate investing.
