HREC Investment Advisors (“HREC IA”) is pleased to offer qualified investors the opportunity to acquire the 113-room La Quinta Inns & Suites Salem (the “Hotel”, or “Property”),located in Salem, Oregon.

The La Quinta Inn & Suites Salem is a newly renovated, upper midscale hotel located in a recession-proof market. After a transformative $2.48 million PIP in 2019, hotel performance has exponentially improved. Over 2021 and 2022, the Hotel has recorded a RevPAR of $85.50. Impressive revenues and efficient cash flow present investors with the opportunity for turnkey returns upon acquisition.

Located near the intersection of U 5 and Route 22/99E, the Hotel provides excellent access to nearby demand generators, downtown Salem, and Portland. The Hotel is also located in an Opportunity Zone.

Lodging demand in Salem is driven by the city's status as the capital of Oregon, as well as the presence of a number of businesses and organizations in the area. As such, Salem is home to numerous state government offices, including the State Capitol building. This draws a lot of government employees, lobbyists, and other professionals to the city, who often require lodging. Key non-government industries driving lodging demand in Salem include healthcare, technology, and manufacturing. Furthermore, Salem is home to Willamette University and Corban University, further adding to the recession-proof lodging demand of the market.

Broker of Record - Brian Resendez - Oregon License # 200406154