Prospect Historic Hotel B&B Inn Motel & Dinner House

Prospect, Oregon
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3,700,000
Asking Price
24
Guest Rooms
32
Baths

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Property Overview

The Prospect Historic Hotel Bed and Breakfast Inn – Motel and Dinner House has become available for sale. This is a rare opportunity to acquire a Southern Oregon Icon. The hotel has been a part of the economic and social fabric of Oregon’s history since it was first built in 1888-89. This was the only lodging and dining establishment for many years along the Upper Rogue for travelers visiting Crater Lake. It began as a stop for people traveling from all over the world to visit Crater Lake, eventually becoming a Stage Coach stop. From its humble beginnings as a rough hewn timber building to its current status as an elegant, yet comfortable Bed and Breakfast, the hotel has been providing rest, relaxation and sustenance to weary travelers for over 130 years! Its reputation as a world class facility is known far and wide.

The Prospect Historic Hotel is listed as the A. H. Boothby House on both the National and State Historic Registers and is featured on the state and national scenic byways. Crater Lake National Park is the initial draw for tourism and is a lovely forty-five minute drive away. Once travelers have discovered the region, they realize there is much more to see and do in the region, requiring multiple days to enjoy the sites.

The 5.6 acre property includes the ten room Bed and Breakfast Hotel, the fourteen unit Motel, the fifty seat Dinner House and gorgeous park like grounds. All of this is bordered on one side by Mill Creek, which leads to Mill Creek Falls and the Rogue River. There are numerous Douglas Fir trees, many pine and cedar trees as well as blue spruce and one amazingly tall Giant Sequoia which anchors the property on the front corner. It has long established water rights to Mill Creek.

There is a beautiful 2700 sf log house included which has three bedrooms and two baths. This has functioned as a manager’s residence but could easily be added to the rental inventory. There are numerous out buildings and a reliable and very pure well.


Property Description

1889
Year Built
13,400
Sq Ft
Restaurant
Owners Quarters

The owners have established strong partnerships with Travel Oregon, Travel Southern Oregon, The Oregon Bed and Breakfast Guild, Crater Lake National Park and many International Receptive Tour Operators from all over Europe, Asia and Australia providing professional marketing representation all over the world. New owners would be able to step in and continue running the business seamlessly. The property is offered as a turn-key operation including everything that would be needed to run the business.

The hotel is known for producing several very special events including the Victorian Christmas High Tea and Craft Faire, Thanksgiving Food Feast, holiday brunches and numerous weddings. The grandest event is the annual music festival, Music In The Mountains. These events bring even more people to the area and are eagerly anticipated by a loyal following of fans. Cross country ski groups visit annually during the winter season, along with various other groups that return on a regular basis. A continuing base of customers can be readily expected.

The Dinner House is well known for wonderful, high quality local food and award winning Southern Oregon wine list. Prospect Hotel Dinner House is known all over Southern Oregon for it Signature Prime Rib, Lemon Dill Roasted Salmon and the 19 layer – 5 cheese lasagna. Guests tell us that “This is the Best Meal we have had on our entire trip.” Local Southern Oregonians have said we “are the best Dinner House in Southern Oregon.”
Additional features of the business are varied and too numerous to list individually. This is a must see gem in the middle of the stunningly beautiful Rogue-Siskiyou National Forest.

The Prospect Historic Hotel could be your bit of paradise.


Business Summary

80%
Occupancy Rate
$210
Average Daily Rate
$700,000
Gross Revenue
5 x
Gross Revenue Mulitplier

Turn Key 10 Room Historic Bed and Breakfast Inn with a 50 Seat Fine Dinning Dinner House. Dinner House is recognized worldwide for it's Signature Prime Rib. 14 unit Modern Motel sleeps 48 heads on pillows


Reason for Selling

Owners are looking to Retire after 17 years.


Location

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