Boat Bed & Breakfast on the Oregon Coast

Newport, Oregon

Asking Price: USD $950,000
Guest Rooms: 5    5
Owners Quarter: 1    1

Property Overview

The Newport Belle is positioned as one of the most unique lodging properties in the marketplace. The paddlewheel river boat offers 5 guest rooms in Newport, a thriving tourist destination on the Oregon Coast. The boat is permanently moored in Newport Harbor, the largest working port on the West Coast.

The current owners have crafted an elevated experience for guests with gourmet breakfasts and daily afternoon manager’s reception. The property offers guests concierge services, curated local recommendations & additional revenue streams including package offerings & an on-site gift shop. The owners have increased revenue impressively over the last 5 years and improved and enhanced the reputation of the business. The Newport Belle has earned a sterling reputation with outstanding guest ratings across online sources & inclusion in the renowned Fodor’s® guide.

The Newport Belle was built in 1993 and renovated starting in 2020. The 97 foot boat B&B features five well appointed state rooms, three on the 1st floor and two on the 3rd floor. All rooms have private baths, king or queen beds, high-end Italian made linens & thoughtful touches throughout. The boat features a number of inviting areas including 3 separate outdoor sitting areas, private dining tables for all guests & a living room with a wood pellet fireplace stove for winter months & cool summer nights.

The Newport Belle is permanently moored in Newport Harbor, an ideal location within the tourist destination of the Oregon Coast. The Newport Chamber counts over 2.5 million visitors per year and rates the resort town as a “prime” destination. A city report from March of 2021 tallied over 3,000 hotel rooms, RV spots, camping sites & short-term rental homes located inside city limits. The Oregon Coast is the 2nd most popular tourist destination in the state & Newport is the #1 most visited city within the coastal region.

The Newport Belle is located in Lincoln County within walking distance to whale watching, boating excursions & deep sea fishing charters. The nearby Hatfield Marine Science Center & Rogue Brewery are located within walking distance of The Inn. Within a short drive, guests can access countless dining options, shops and area attractions including world-class beaches, the Oregon Coast Aquarium, Newport’s historic bayfront, Beverly Beach State Park, Yaquina Head Lighthouse, Newport Visual Arts Center, & the Yakona Nature Preserve. Popular activities around Newport include biking, crabbing, whale watching, fishing, hiking, shopping, dining, kayaking & visiting local boutiques and art galleries. The central coastal location offers easy access to a number of other desirable towns and destinations.

About the Owner's Quarters

The 3rd floor owner’s quarters features an open concept with full private bath, kitchenette & sitting area.

Features:
  • Has a Barn Romantic
  • Waterfront Property Waterfront
Lifestyle:
  • Near the Beach Beach
  • Nearby Winery / Brewery Winery
  • Close to Fishing Fishing
  • Includes a Restaurant Golf
  • Near Horses Horse
Business Description:

The back of the house makes efficient use of space. The on-site kitchen contains commercial grade appliances from a sanitizing dishwasher to temperature controlled wine fridge. This area features a separate laundry area with 2 washers & 2 dryers. The 3rd floor owner’s quarters features an open concept with full private bath, kitchenette & sitting area. The 1st floor provides access to a 6th room that is currently being utilized as manager’s quarters, but could be operated as a spa room, office or additional owner’s space. The 1st floor also provides access to the the functioning engine room & the 3rd floor provides access to the pilot room, which is currently un-utilized. The business includes five daily guest parking passes along with two dedicated owner’s spots in the adjacent municipal parking lot.

Terms of Sale:

The property is being sold turnkey.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Chris Kelly (Consultant)
  650-241-8108
White Stone Brokers

Year Built:

1993

Last Renovated:

2020

Years in Business:

32
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Financial Overview

Asking Price:

USD $950,000

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