Cerulean Hotel & Waffle Hut & Eatery — Sale in Klamath Falls, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Klamath Falls, OR 97601
  • Year built: 1962

Photos

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Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Cerulean Hotel (“Hotel” or “Property”) located at 100 Main Street in Klamath Falls, Oregon. The upper-midscale Hotel is offered at $6,500,000 or $81,250 per key. Additionally, the seller is offering the adjacent Waffle Hut & Eatery, located at 106 Main Street, as a separate acquisition opportunity with an asking price of $1,000,000, allowing a buyer the flexibility to control both lodging and food-and-beverage operations or pursue separate ownership strategies. Situated on approximately 3.28 combined acres (2.49 acres for the Hotel and 0.79 acres for the restaurant parcel), the Property features 82 guest rooms across two stories totaling approximately 68,750 square feet. Originally constructed in 1962 and comprehensively renovated in 2022, the Hotel offers a variety of accommodations designed to appeal to both transient and extended-stay guests, including guestrooms equipped with kitchenettes and spacious one-bedroom suites. Property amenities include a seasonal swimming pool, guest laundry facilities, ample parking with 130 spaces, and convenient access to the adjacent Waffle Hut & Eatery, which features a dedicated meeting and dining area for guests and local patrons. The Hotel benefits from a highly diversified demand base generated by tourism, healthcare, education, government, and extended-stay corporate travel throughout southern Oregon. The Property provides convenient highway access to Crater Lake National Park, one of the Pacific Northwest's premier tourist destinations, attracting visitors throughout the year. The $500 million Klamath Falls Energy Center, a major natural gas-fired power generation facility, serves as an important regional employer and creates recurring lodging demand from plant personnel, maintenance crews, contractors, and energy industry professionals. Additional leisure demand is generated by the nearby Klamath Eve

Market Context

This hospitality in Klamath Falls, OR is listed for sale. The building dates to 1962. Compare it against other hospitality listings for sale in Klamath Falls, OR — view the full market.

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