ABOUT THE PROPERTY
We are excited to announce the closing of another hotel conversion! The recently sold Paradise Inn & Suites is our 5th conversion hotel sale and our 2nd involving Oregon’s Project Turnkey. This property is located only half a mile from the Pacific Ocean on Hwy 101 in Lincoln City, and will be converted to housing to assist those in need.
Brian Resendez, CCIM of SVN | Bluestone & Hockley represented the Buyer and Ben Rivers of North Coast Properties Inc. represented the Seller.
*Congratulations to both Seller and Buyer in this successful transaction!*
“The purchase and sale of a hotel is much different than the standard real estate transaction and this Project Turnkey transaction has been a project unlike any we have ever done before. We are so grateful for the knowledge, skills, and innovation provided by Brian as we navigated through this new hotel purchase venture process at lightning speed. Brian was prompt, available, and efficient helping to bring a difficult transaction to a close. We hope to engage Brian with other transactions down the road and trust he will see it through, even if there is a pandemic, natural disaster, or exigent circumstances. Thanks Brian and Team for your perseverance and fortitude to close on time!”
– New Property Operator