ABOUT THE PROPERTY
We are excited to announce the sale of the Cabana Motel in Othello, WA. Brian Resendez, CCIM of SVN | Bluestone & Hockley, represented both Buyer and Seller during the transaction.
The Cabana Motel is a 55 unit non-operational economy motel that was encumbered by bankruptcy. The property consists of 7 buildings located on 2.5 acres and was built in 1965. Othello, WA is less than an hour north of Tri-Cities. The motel lies conveniently near the junction of Highways 24 and 17 and is just 10 minutes from the Columbia National Wildlife Refuge.
We had a non-operational hotel in not-so-great condition in a very small community in Washington State. The property known as the Cabana Motel in Othello, WA was partially converted to a franchise property and had no historical records. It was also part of a bankruptcy case which made the transaction a little more complicated. Brian and his Network of Brokers with SVN helped to coordinate, market and eventually bring an all-cash buyer to the table. The process required judge approval and other hurdles but Brian and his team stuck it through and got the job done. Thank you Brian and Tony and Rob and the team at SVN. – Seller