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Shilo Inns Newport Oceanfront Hotel – Image Credit Hilco Real Estate Sales
Hilco Real Estate Sales, in collaboration with Marcus & Millichap, has announced the sale of the Shilo Inns Newport Oceanfront, a hotel in Newport, Oregon. This property, featuring 179 rooms and extensive amenities, is positioned on the Pacific Ocean and offers significant investment potential in a thriving tourist destination. The deadline for offers is July 17, 2025.
Property Details
The Shilo Inns Newport Oceanfront spans approximately 2.48 acres and includes five buildings with 900 feet of exclusive beachfront access. Constructed in 1966, the hotel provides 179 spacious guest rooms, over 5,000 square feet of meeting space, a 3,450-square-foot full-service restaurant and lounge, a 1,178-square-foot café, and two indoor pools. The property is zoned C2 and located near key attractions such as Nye Beach, the Oregon Coast Aquarium, and the Hatfield Marine Science Center.
Investment Opportunity
Newport, Oregon, is a year-round tourist hub known for its scenic views, historic bayfront, and vibrant marine industry. The city benefits from consistent traffic from nearby Portland and Eugene and faces moderate competition due to limited new hotel developments. These factors, combined with the Shilo Inn’s prime location and robust existing revenue streams, present a unique opportunity for significant value enhancement through operational improvements, capital investments, or comprehensive redevelopment.
Jordan Schack, Vice President at Hilco Real Estate Sales, emphasized the property’s potential, noting its ideal location and multiple revenue drivers as key factors that position the Shilo Inns as a potential leading hospitality establishment in Oregon’s Central Coast.
Submission Details
Interested parties must submit their offers by the specified deadline using the Asset Purchase Agreement (APA) available on Hilco Real Estate Sales’ website.
