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33434404
33434376

325 SE Nye Ave, Pendleton, OR 97801

MG
CA 02016029
Matthews
DH
CA License No. 02209715
Matthews
Listed by Matthews
$4,500,000
0 days on market
Updated 0 days ago

Motel 6 Pendleton, OR

Details
Property Type Hospitality
Sub Type Motel
Square Footage 25,230
Keys 92
Cap Rate 7.75%
NOI $348,643
Tenancy Single
Price per SqFt $178
Class C
Year Built 1980
Stories 2
Acreage 2.000
Investment Type Stabilized

Hospitality | 3-Year RRM: 3.95x | 92 Keys

Marketing description

Pendleton serves as a primary commercial and cultural center for Eastern Oregon, supported by regional agriculture, transportation infrastructure, tourism, healthcare services, and manufacturing activity. Located along Interstate 84 between Portland and Boise, the city benefits from strong regional connectivity and serves as an employment hub for Umatilla County and surrounding rural communities. The local economy is anchored by wheat production, food processing, logistics operations, tribal enterprises, healthcare, and government services. Pendleton's historic downtown district, nationally recognized rodeo heritage, and outdoor recreation amenities continue to support tourism activity and hospitality demand throughout the year.

The market maintains a stable cost structure relative to larger Pacific Northwest metros, providing affordability advantages for both residents and businesses. Regional employers benefit from access to interstate transportation corridors, rail connectivity, and proximity to industrial growth occurring throughout northeastern Oregon and southeastern Washington. Continued investment in infrastructure, airport improvements, and industrial development has strengthened the city's position as a service and distribution node within the Columbia Plateau region. Pendleton's combination of lower operating costs, established civic institutions, and regional accessibility supports long-term economic stability across multiple sectors.

Investment highlights

  • Three Consecutive Years of Revenue Exceeding $1 Million: The property has generated between $1.08M and $1.23M in annual room revenue over the past three years, demonstrating a stable and proven demand base in the Pendleton market regardless of ownership structure.
  • Owner-Operator Upside: Currently operated as part of a 40-property portfolio under absentee management, the property presents a clear and credible path for a hands-on owner-operator to optimize labor structure, reduce OTA commission dependency, and grow NOI toward the 2026 proforma of $408,643 without capital investment.
  • Nationally Recognized Economy Flag: Motel 6 is one of the most recognized economy lodging brands in the United States, providing instant brand awareness, a proven national reservation infrastructure, and OTA priority placement that drives consistent transient demand.
  • AI-Powered Front Desk Technology: The ownership has implemented AAvgo, an AI-powered property management and front desk platform, reducing labor dependency, streamlining guest services, and positioning the property for efficient owner-operator management from day one.
  • Zero New Supply Pressure: There are currently zero hotels under construction in the Oregon East Area economy segment, meaning no new competitive supply is entering the market to pressure occupancy or rates.

Listing Contacts

MG
CA 02016029
Matthews
DH
CA License No. 02209715
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$348,643.00
$29,053.58/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Tim Campbell
License
950100171, 790100087 (OR)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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