Dreamers Lodge - John Day, Oregon
25-Key Motel | 16.6% Avg. Cap Rate | Owner Residence & 2 Kitchen Suites
Marketing description
Dreamers Lodge is a well-maintained 25-room motel located at 144 N Canyon Boulevard in John Day, Oregon. Positioned along Highway 26 in the commercial center of Grant County, the property serves a diverse mix of leisure travelers, outdoor recreation visitors, contractors, government employees, healthcare-related travelers, and regional business guests.
The offering includes the real estate, operating business, furniture, fixtures and equipment (FF&E), two extended-stay kitchen suite units, and a 2-bedroom / 1-bath owner-manager residence located behind the front desk. This unique live/work configuration creates an attractive opportunity for owner-operators seeking strong cash flow and operational efficiency.
Ownership has completed ongoing maintenance and capital improvements, including significant electrical upgrades, helping maintain the property's reputation for cleanliness, value, and customer service. Historical operating performance has produced an average going-in cap rate of approximately 16.6% based on recent ownership-reported NOI.
John Day serves as the economic, healthcare, government, and tourism hub of Eastern Oregon's Grant County. Demand is supported by year-round outdoor recreation, hunting, fishing, cycling, public lands, healthcare services, government activity, wildfire response operations, and regional contractor travel. Limited lodging supply and barriers to new hotel development further support the long-term value of existing hospitality assets within the market.
Dreamers Lodge represents a rare opportunity to acquire an established hospitality business with immediate cash flow, attractive financing options, and meaningful upside through revenue management, direct booking growth, and targeted room modernization.
Offered at $1,999,000. Additional financial information and supporting documentation are available to qualified buyers upon execution of a confidentiality agreement.
Investment highlights
Dreamers Lodge is a well-maintained 25-room motel located in the heart of John Day, Oregon. Situated on approximately 0.57 acres in Grant County's primary commercial corridor, the property serves a diverse mix of leisure travelers, outdoor recreation visitors, government employees, contractors, healthcare-related visitors, and regional business travelers.
The property has benefited from ongoing ownership involvement and capital improvements, including significant electrical upgrades and regular maintenance. Dreamers Lodge has established a strong reputation for cleanliness, value, and customer service, resulting in a loyal repeat customer base and consistent operating performance.
• 25-Key Independent Motel Located in Downtown John Day, Oregon
• Offered at $1,999,000
• Average NOI of Approximately $330,000 (2024–2025)
• Average Going-In Cap Rate of 16.6%
• Includes 2-Bedroom / 1-Bath Owner Residence Behind Front Desk
• Includes Two Extended-Stay Kitchen Suite Units
• Established Hospitality Business with Immediate Cash Flow
• Serves Leisure Travelers, Contractors, Government Employees, Healthcare Visitors, and Outdoor Recreation Demand
• Located Along Highway 26 in Grant County's Primary Commercial Corridor
• Strong Owner-Operator Opportunity with Operational Upside
• SBA 7(a) and SBA 504 Financing Eligible
• Local Financing Available Through Bank of Eastern Oregon for Qualified Buyers
• Significant Barriers to New Hotel Development Within the Market
• Real Estate, Operating Business, FF&E, and Goodwill Included in Sale
• Additional Financial Information Available Upon Execution of a Confidentiality Agreement
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