The Paradise Inn & Suites is an 18,020 SF hotel with 31 units in Lincoln City, Oregon. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the buyer in the transaction. The hotel sold for $3,250,000 and will be converted to affordable housing. The transaction closed in March of 2021.
Contact SVN Bluestone and Hockley Advisors for advice on growing your real estate portfolio or are thinking of investing in commercial real estate. You can also view our properties for sale or lease on our website or you can also visit NW Hotel Investor’s website for hospitality properties.