The Americas Best Value Inn is a 52 guestroom limited service motel located on Highway 30 in St. Helens approximately 40 minutes north of Portland, OR and 45 minutes northwest of Vancouver, WA. The property was built between 1966 and 1990 on 5.39 acres. In addition to the motel, the property includes a free-standing restaurant, laundromat, a 9 space RV park and over an acre of excess land for potential development.
The buyers were looking to grow their portfolio in the area, and the property will be upgraded from an ABVI to a Motel 6 in the near future. They plan to hold the property indefinitely and continue to improve upon the facility. There were a few hiccups that delayed closing – the property was incorrectly appraised by a third party, and the Seller needed to make improvements and replace some furniture before the deal could be completed.
Brian Resendez represented both the buyer and the seller in the transaction, and the property closed on 8/4/17 for a contracted price of $3,000,000.00.