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Extended Stay Turnkey Asset In Navy Workforce & Contractor-Driven Market

Candlewood Suites Oak Harbor by IHG is an 80-key, interior-corridor, limited-service, extended stay hotel. The property recently underwent a comprehensive Property Improvement Plan (PIP) in 2026 in excess of $4M, providing turnkey operations with amenities including a fitness center, guest laundry, a convenience/sundries store, and a conference room and business center for business guests. The Queen Single Studio Suites and Queen Single 1-Bedroom Suites all include kitchenettes and weekly cleaning service. A covered patio and barbecue area provide exterior lounging space for guests.

The hotel is visible immediately upon entering town on the major thoroughfare, with 220 feet of State Route 20 frontage near Naval Air Station (NAS) Whidbey Island and adjacent to a popular restaurant. This property captures year-round military, corporate, and leisure demand, with strong operational upside for an incoming owner-operator.

An adjacent select-service hotel with conference facilities may be acquired separately at an additional cost, allowing control of ~46% of the local lodging supply (subject to buyer due diligence).

HIGHLIGHTS

• Recognized Brand Extended Stay With Dominant Market Share
• Demand Driven by NAS Whidbey Island & Seattle Proximity
• Defense Contractor Contracts Above Per Diem Rates
• $4M PIP Q1 2026 – Complete Per Franchise for 10-15 Years
• Bridge & Ferry Accessible Island Captures Year-Round Tourism
• Adjacent Extended-Stay Hotel Available For ~46% Market Control
• All property tours must be arranged through the broker.
• DO NOT CONTACT PROPERTY OR EMPLOYEES!

IMPORTANT

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Buyer’s Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.