11470 HIGHWAY 66 Ashland OR 97520-9497

PRICE REDUCED!!!!

2021 GROSS SALES UP 100% OVER 2019.

2021 NOI UP 100% OVER 2019.

Welcome to Green Springs Resort. This amazing property rests among Southern Oregon's prized Cascade Mountain Range nestled within the boundaries of Cascade Siskiyou National Monument. This rare opportunity to own this historical resort is only made available once in a generation. Green Springs Resort is ranked #1 of 19 hotels in Ashland on Trip Advisor. The 105 acres of pristine wilderness consists of 9 luxury cabins, a lodge with 8 private rooms, resort with commercial kitchen, dining area, bar and living quarters, permanent yurt for large groups and retreats, large workshop with many other structures on the property. This dream is located within a 20 mile radius of Lake of the Woods, Howard Prairie Lake, Hyatt Lake, Fish Lake, Emigrant Lake, Copco Reservoir, Mount Ashland Ski Resort, Upper Klamath River, I-5, Ashland and Pacific Crest Trail. Nearby recreational activities include, fly fishing, x-country skiing, hiking, downhill skiing, birding, cycling, mtn biking + more

Commercial kitchen, restaurant, and bar are leased up with a local restaurateur providing great breakfast, lunch and dinner options that are attracting guests from around Southern Oregon.

In 2020 Green Springs Inn and Cabins brought in a local 3rd party concierge services, BookStayHop, that handles all of the reservations and guest interactions. BookStayHop has the capabilities of handling all the housekeeping in the future, providing an ideal situation for an absenteeism owner wanting minimal staff of 1 -2 employees. In this transition, Green Springs Inn and Cabins has seen the average Cabin stays bump from 1.5 days to 3.5 days, increased average nightly cabin rentals bump up from $215 per night to $317 per night, the introduction of cleaning fees to cover housekeeping and occupancy levels higher than any previous years. Staffing has been trimmed now that reservations and customer service has been contracted out. Over 500 5-Star reviews!!!

• 10% Proforma Cap Rate.

• Development opportunity

• Luxury cabins are 8 - 11 years old and are low maintenance.

• Eco lodging with existing solar power and electric car charger.

• Minimal staffing needed.

• Potential development on neighboring properties owned by seller.

• Motivated Sellers.

• https://vimeo.com/347948293

• Gross Lodging Sales are expected to increase 100% from 2019 to 2021 due to changes in business model and other marketing strategies. CAP Rate calculations are based on Pro forma P&L's furnished by 3rd party gross sales projections. Buyer to do their own due diligence on projecting future trends and sales goals. Sellers, Cascadia Prime, LLC or Eric Herron believe Pro Forma projections are attainable, however these parties are not responsible for Pro forma P&L's future performance measures. Historical P&L's and financials can be provided upon request.