Boutique & Independent Hotels
$800K–$3M ADR
Independently operated properties in tourism corridors. Higher margins, brand flexibility, and strong loyalty markets.
- ▸Owner-operator friendly
- ▸Premium location markets
- ▸Lifestyle investment
hotel & motel sales · washington state · harman pannu
Hotels & Motels for Sale, Washington State
Specialized hospitality representation across Washington — boutique hotels, business hotels, interstate motels, and destination resorts. Same broker who handles $25M+ in gas station and commercial transactions across WA, OR, ID, UT, CA, and NV.
// what we work on
Hotel and motel categories in WA
Business & Mid-Scale Hotels
$1.5M–$5M ADR
Franchise-affiliated properties near business hubs and airports. Predictable corporate-travel demand and operating playbooks.
- ▸Holiday Inn, Hampton, Best Western
- ▸Corporate accounts
- ▸Loyalty distribution
Interstate Motels
$500K–$2M ADR
Roadside motels along I-5, I-90, US-2, and US-12. Strong cash flow with disciplined operating cost control.
- ▸Highway visibility
- ▸Independent operators
- ▸Trucker / commuter demand
Resort & Destination Properties
$2M–$10M+ ADR
Destination hotels in Leavenworth, Lake Chelan, the San Juans, and coastal WA. Seasonal premiums plus event revenue.
- ▸Tourism & weddings
- ▸Higher RevPAR
- ▸Lifestyle markets
// why hotels right now
The case for WA hospitality
Recovery momentum
WA leisure travel has rebounded strongly post-pandemic; corporate travel continues catching up. RevPAR trends generally favor well-located properties.
Defensible locations
Interstate exits and tourism corridors carry barriers to new supply — meaning durable cash flow.
SBA-eligible
Most hotels under $5M qualify for SBA 7(a) financing with 10–25% down for owner-operators.
// markets we cover
Key Washington hospitality markets
Seattle
Urban core, conventions, year-round business demand
Tacoma
Port traffic, growing tourism, JBLM corporate demand
Bellevue / Redmond
Tech corporate travel, weekday-weighted occupancy
Spokane
Eastern WA hub, regional events, GU/EWU traffic
Kent / Renton
Airport corridor, SeaTac overflow, fleet drivers
Yakima / Tri-Cities
Agricultural commerce, harvest-season peaks
Leavenworth / Chelan
Year-round tourism, premium ADR, event venues
Olympic Peninsula
Park visitors, seasonal premiums, lifestyle assets
// frequently asked
Hotel & motel acquisition FAQ
How are hotels and motels priced in Washington State?
Most pricing is a multiple of trailing 12-month revenue or NOI. Independent properties typically trade at 3–5x annual revenue or 8–10x NOI. Branded mid-scale hotels can reach 10–13x NOI in strong markets. Real-property only (without business) is appraised on standard commercial methods.
Can I buy a hotel with SBA financing?
Yes. SBA 7(a) is the most common financing vehicle for hotels under ~$5M. Owner-operator requirements apply (you must be involved in management). Down payments typically run 10–25%. I work with multiple SBA lenders across WA.
What's the difference between buying a hotel and a motel?
Operationally, motels are usually exterior-corridor, independent, and lower per-key revenue. Hotels often have interior corridors, franchise affiliations, and on-site amenities (breakfast, meeting space). Motels are often better cash-flow plays for hands-on operators; hotels offer more leverage and franchise support.
Do you handle owner-occupied 1031 exchanges into hotels?
Yes. Many of my hotel transactions involve 1031 exchanges from gas stations, retail, or multifamily. I can coordinate with your QI to ensure timeline compliance (45-day identification, 180-day closing).
What markets are best for first-time hotel buyers in WA?
Interstate motels along I-5 corridor (Centralia, Chehalis, Kelso, Tumwater) and I-90 (Cle Elum, Ellensburg, Moses Lake) offer the lowest entry prices with reasonable occupancy. Spokane and Yakima also offer strong cash-flow opportunities under $3M.
Considering a hotel acquisition or exit?
Direct conversation, no pressure. Even if it's just a market check or pre-listing valuation question, the call costs nothing.