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29431566
29431572

1818 Basin St SW, Ephrata, WA 98823 For Sale

CH
WA WA 20115936
Marcus & Millichap - Seattle
GA
CA 00927200, NV BS.0146254 (+1)
Marcus & Millichap - Inland Empire
Listed by Marcus & Millichap - Seattle, Marcus & Millichap - Inland Empire
$9,000,000
172 days on market
Updated 26 days ago

Best Western Rama Inn

Details
APN 140156000
Property Type Hospitality
Sub Type Hotel
Keys 70
Year Built 2000
Stories 2
Acreage 2.720

Recent Price Reduction: Top-Ranked Best Western in Washington

Marketing description

Joel Deis // Broker of Record // License WA 25469

Property Tours

Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Rama Inn, a 70-key, interior corridor hotel located in Ephrata, a small town in Central Washington. Built in 2000, the hotel features amenities including an indoor pool and spa, sauna, meeting space, business center, complimentary breakfast, and guest laundry. The property consistently receives excellent scores from the Best Western franchise, with a QA score of 909/1000 (3rd-best in the BW system this year). In the last few years, the owner has completed several recent capital improvements, including roof maintenance, rebuilding of pool/spa area with machinery expansion, new computer system, time card system, internet system, TVs throughout the hotel, and more. There is no PIP due at this time.

The Best Western Rama Inn benefits from being the only franchised hotel in the city as well as its location off of State Route 28. There has been a recent surge of construction of data centers in the Grant County region. A short drive from the hotel, these data centers are home to major tech companies including Microsoft, Amazon, and Salcido Enterprises, among others. It is located within 30 miles of attractions including Soap Lake, Lake Lenore Caves State Park, Sun Lakes-Dry Falls State Park, and more. Just 27 miles from the hotel is the Gorge Amphitheater, a 20,000+ seat venue known for scenic views, river gorge views, and summer weather. Gorge Amphitheater welcomed more than 550,000 visitors in 2024.

The Best Western Rama Inn represents the opportunity to purchase a franchised hotel in a growing market with both transient and recreational/tourism demand. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Grant County region.

Click Here For Offering Memorandum: https://allredhotelgroup.com/?propertyId=EphrataWABW

Click To Subscribe To Our Mailing List: https://allredhotelgroup.us21.list-manage.com/subscribe?u=29d9d89c10137c6b769da576e&id=19e1854d86

Investment highlights

  • Only Franchised Hotel in Ephrata

  • Property Qualifies for Auto-Transfer with Best Western

  • QA Score of 909/1000 (3rd-Best in the BW System This Year)

  • Several Recent Capital Improvements Throughout the Hotel | No PIP Needed

  • Ideally Located Off of State Highway 28, Short Drive to Interstate 90 and Grant County International Airport

  • 1 Mile to the New $155M+ Grant County Jail and Law & Justice Complex Development (Completion & Occupancy by Summer 2026)

  • Large Demand for Data Centers in the Region | Several Newly Opened and Under Construction, Including Facilities for Microsoft & Amazon

  • ~1/2 Hour Drive to The Gorge Amphitheater, a Popular Live Music Venue (550k+ Visitors in 2024 // ~5 Large Festivals Annually)

Listing Contacts

CH
WA WA 20115936
Marcus & Millichap - Seattle
GA
CA 00927200, NV BS.0146254 (+1)
Marcus & Millichap - Inland Empire
Listed by Marcus & Millichap - Seattle, Marcus & Millichap - Inland Empire

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Additional Information

Name
Joel Deis
License
WA 25469
Title
Broker of Record
Name
Clayton M. Hill
License
WA 20115936
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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