What's Happening?
Crystal Investment Property has announced the exclusive listing of the Best Western Plus Yakima Hotel in Yakima, Washington. This 74-key select-service hotel is situated in a federally designated Qualified Opportunity Zone, offering potential tax incentives
for investors. The property, which sits on 1.22 acres of fee-simple land, has been fully updated as of 2023 and includes a mix of king and queen suites, accessible rooms, and a family suite with a full kitchen. Key amenities include an indoor heated pool, fitness center, and a business center. The hotel benefits from its strategic location near major travel routes and regional event spaces, attracting a diverse mix of travelers year-round.
Why It's Important?
The sale of the Best Western Plus Yakima Hotel represents a significant investment opportunity due to its location in a Qualified Opportunity Zone, which can offer tax benefits to investors. The hotel's consistent demand from agritourism, leisure, corporate, and government guests provides a stable revenue stream, reducing seasonal risks. This makes it an attractive acquisition for hospitality investors looking for long-term revenue potential. The property's recent updates and brand affiliation with Best Western further enhance its appeal by minimizing immediate capital needs and ensuring operational stability.
