Medford, Oregon, with its rich history and growing population of approximately 90,000, presents a unique opportunity for investors to capitalize on the city's expanding hospitality industry. Hotels in Medford for sale offer a chance to tap into the city's tourism market, which is driven by its proximity to natural attractions like the Oregon Caves National Monument and the Siskiyou Mountains. As a hub for outdoor enthusiasts, Medford attracts visitors from across the country, making it an attractive location for hotel investors. With its well-developed infrastructure, including the Rogue Valley International-Medford Airport, and its strong economy, Medford is an ideal location for hotel investors looking to establish a presence in the Pacific Northwest. The city's amenities, such as Bear Creek Park and Prescott Park, also make it an attractive destination for travelers. Additionally, Medford's proximity to major highways, including Interstate 5, makes it easily accessible by car. The city's growing population and strong economy make it an attractive location for businesses, including hotels, and its attractions, such as the Craterian Ginger Rogers Theater, draw visitors from across the region.
Currently, there are 2 hotels for sale in Medford, offering a range of investment opportunities. The average price per square foot for hotels in Medford is $168 USD, with an average size of 74,736 square feet. The largest hotel for sale in Medford has a size of 117,000 square feet. In addition to hotels, Medford also offers other investment opportunities, including restaurants, apartment buildings, and shopping centers. For example, restaurants in Medford can capitalize on the city's growing food scene, while apartment buildings can take advantage of the city's strong rental market. Shopping centers, such as the Medford Center, offer a range of retail opportunities, from national chains to local boutiques. Overall, Medford presents a unique opportunity for investors to establish a presence in the Pacific Northwest, with its strong economy, growing population, and range of investment opportunities.
What factors should I consider when buying a hotel in Medford?
When considering buying a hotel in Medford, Oregon, there are several key factors to take into account, including:
- The local economy, which is driven by industries such as healthcare, retail, manufacturing, and agriculture, and is home to major employers like Asante Rogue Regional Medical Center and Harry & David.
- The city's infrastructure, including its transportation systems, such as Interstate 5, Highway 99, Highway 62, and Highway 238, as well as the Rogue Valley International-Medford Airport, which serves over 1 million passengers annually.
- The availability of hotels for sale in Medford, with 2 listings currently on the market, offering a range of options in terms of size, with an average size of 74,736 square feet, and a largest size of 117,000 square feet, at an average price per square foot of $168 USD, and an average cap rate of.
It's also important to research the local tourism industry, which is supported by attractions like the Medford Rogues baseball team and the Rogue Valley Timbers Soccer Club, as well as events like the annual Pear Blossom Run. Additionally, understanding the city's demographics, including its population of around 90,000, and its Mediterranean climate, can help inform your investment decision. For more information on financing your hotel purchase, consider exploring commercial real estate loans, also known as CRE loans.
How is the value of a hotel for sale typically calculated?
When evaluating the value of a hotel for sale in Medford, Oregon, investors typically consider factors such as the property's income-generating potential, operating expenses, and market conditions. A comprehensive CRE appraisal, as outlined in our article at CRE appraisals, can provide a detailed analysis of these factors to determine the hotel's value, which is often calculated using the income approach, sales comparison approach, or asset-based approach.
