Quality Inn & Clarion Surfrider Resort
The Quality Inn Lincoln City is a 57-guestroom interior corridor hotel located in Lincoln City. This property was built in 1996, is modernly decorated and has been well maintained. Ocean view rooms are available and amenities include a spa, fitness center, and free Wi-Fi. The Clarion Inn Surfrider Resort is a beachfront full-service hotel in Depoe Bay. This well-appointed exterior corridor property has 54 room, an indoor heated pool, lounge / bar and restaurant. The two properties were sold as part of a portfolio along the Oregon Coast.
The goal of the client was to sell this portfolio, and assist the buyers in every way through the understanding of the property – as well as aiding them by maintaining the employees. The buyer was looking to grow his portfolio and continue to build his hotel presence on the Oregon Coast. The seller requested to offer the properties at a discounted price to ensure that the deal would go smoothly and he would not be encumbered by counter offers and a lengthy escrow. A variety of challenges came up behind the scenes including, the inability of the buyers to get adequate insurance, the need to remove the branding, and the boundaries and easements on the property. The seller was hesitant at first after some bad experiences with potential buyers, but Brian worked diligently to reach a mutual agreement with the buyer. Both Buyer and Seller were very happy with the outcome and both achieved their primary objectives.