Prospect Historic Hotel Bed and Breakfast Inn - Motel and Dinner House

Prospect, Oregon
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USD $3,300,000
Asking Price
24
Guest Rooms
30
Baths

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Property Overview

Located in the Cascades of Southern Oregon, just a short distance from Crater Lake National Park and the Rogue Valley, surrounded by the Rogue River National Forest this exquisite 5.6 acre property offers an unparalleled opportunity. This National and State Historic Registered building was restored in 1988-89 to all of its glory. The meticulously maintained property continues to provide the ultimate experience for national and international travelers. Originally built in 1888-89, the Hotel is now run as a 10 room B & B Inn accommodating up to 22 guests, and encompasses a 50 seat Fine Dining Dinner House. The gorgeous park like grounds include several out buildings, is bordered by Mill Creek which leads to 173 foot Mill Creek Falls and the Rogue River.
The more modern Motel is comprised of two buildings directly behind the Historic Hotel on the same property. Totaling 14 rooms, accommodating up to 48 guests. All family friendly rooms with suites for up to 6 people!
There is a beautiful 2700 sf, 3 bed , 2 bath log house included which has functioned as a manager’s residence but could easily be added to the rental inventory.
From its humble beginnings as a rough-hewn timber building then becoming a Stage Coach stop for people traveling from all over the world to visit Crater Lake; to its current status as an elegant, comfortable Bed and Breakfast Inn, the Prospect Hotel has been providing rest, relaxation and sustenance to weary travelers for 135 years! Its reputation as a world class facility is known far and wide. Catering to such notable guests as Jack London, Teddy Roosevelt, Zane Grey, William J Bryant, John Muir and many more.
The beautiful Hotel, positioned just a half mile from a National Scenic Byway and All American Road; Highway 62 is buffered by hundreds of trees providing quiet and clean accommodations. Ideally located half way between Crater Lake and Medford for easy access. Prospect is the Closest Full-Service Town to Crater Lake NP.


Property Description

1888
Year Built
13,400
Sq Ft
Restaurant
Owners Quarters

The Prospect Historic Hotel is listed as the A. H. Boothby House on both the National and State Historic Registers and is a feature 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, requiring multiple days to enjoy the sites.

The property includes the ten room Bed and Breakfast Hotel, the fourteen-unit Motel, the fifty seat Dinner House and five and a half acres of 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. The Hotel has well established water rights to Mill Creek.

Surrounded by the Rogue-Siskiyou National Forest, with the Rogue River flowing just ¼ mile away, Mill Creek traversing over 500 feet on the property, and hundreds of trees this is a site to behold and enjoy the splendor of Mother Nature. Groomed naturalistic landscaping compels one to explore more!

The Hotel has strong partnerships with Travel Oregon, Travel Southern Oregon, The Oregon Bed and Breakfast Guild, Crater Lake National Park and many 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 with everything 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 re-visit annually. A continually expanding base of customers can be readily expected.


Business Summary

$675,000
Gross Revenue
5 x
Gross Revenue Mulitplier

The Historic Hotel B&B has a wonderful foundation of business connections and advertising links. Marketing media love the hotel and the quality of the accommodations and top-notch Customer Service. International Receptive Tour operators vie to represent the Prospect Hotel to their guests and clients. Travel Oregon and Travel Southern Oregon utilize our facility when entertaining travelers to the region.

There are 3 businesses all under the same umbrella, the Historic hotel Bed and Breakfast caters to those who enjoy and understand that their accommodations are a 'Part of their Journey'.

The Romance and finery of the Period Furnished Hotel Rooms enhanced with Hand-Made quilts carries one back over 100 years to a time when things were simpler but elegant!

The Fantastic Dinner House continues to serve food in the Tradition of the founders; local products, robust flavors and large portions, just the way we did when Teddy Roosevelt visited!

The 14 unit Motel has replaced the old Logger's cabins providing all the expected modern facilities. Clean Rooms, with TV, Micros, Coffee service, Private baths (in door plumbing!). Rooms are family friendly with the suites sleeping a family of six with kitchenettes.

The grounds are spread over a beautiful 5.6 acres, with room to run, a grassy meadow to play (or hold your wedding or event), being centrally located in town provides an easy stroll to the Store, Gas Station, Cafe and Saloon

Mother Nature provides 3 waterfalls to walk to (Pearsoney, Mill Creek, Barr Creek, and the Avenue of the Giant Boulders where the Rogue River cascades beneath Mill Creek Drive Bridge.


Reason for Selling

The owners have completed 19 years of ownership, building it into a well recognized business.
They are now ready to enjoy retirement, hopefully visiting beautiful properties world wide!


Terms & Asking Price

Full Turn Key Operation. 30 day Seller training. Perishable / Consumable inventory calculated at Closing.


Location

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