ABOUT THE PROPERTY
The Waves Hotel is located in Newport, Oregon directly across from Nye Beach and several blocks west of US Hwy 101 with partial views of the Pacific Ocean. Nye Beach is a 12-block haven of coastal eateries, boutique shopping and beach access. This property encompasses a full city block totaling of 1.36 acres. The 60-unit motel includes two – three story exterior corridor buildings with an elevator and another two-story building that includes a lobby, breakfast area, sun room, guest / in-house laundry facilities and an upstairs one bedroom / one bath manager’s suite. Also on the property a pool house with an indoor pool, sauna and hot tub.
Congratulations to both the Buyer and Seller in this transaction!