PIP'd Franchised Portfolio With Strong Market ShareThe Candlewood Suites Oak Harbor By IHG and the Best Western Plus Oak Harbor Hotel & Conference Center comprise a 160-key, dual-branded, interior corridor, select-service hotel portfolio situated on ~3.91 acres of fee simple land in Oak Harbor, Washington. The two 4-story buildings total ~96,000 square feet and have recently completed substantial Property Improvement Plan (PIP) updates in 2026, offering turnkey operations and economies of scale. Guest room mix includes extended stay suites with full kitchens, queen singles and doubles, and king singles. Amenities across both hotels include complimentary breakfast, meeting and event space, fitness centers, business centers, guest laundry, outdoor patios with barbecues, and ample guest parking. The Best Western Plus property features an outdoor heated pool and hot tub.Both hotels benefit from national franchise affiliation with IHG® and Best Western®, offering access to global booking platforms and loyalty programs that support consistent occupancy. Strategically located near Naval Air Station (NAS) Whidbey Island and fronting the main highway, the portfolio serves business, military, government, and leisure travelers year-round.An adjacent ~1.17-acre parcel is also available for purchase at an additional cost (not included in the portfolio offering). The site offers future development flexibility, subject to buyer due diligence. This portfolio represents a rare opportunity to acquire updated, branded assets with established demand generators in a high-barrier-to-entry Pacific Northwest coastal market.INVESTMENT HIGHLIGHTS-- Upper Midscale | Select-Service | 160 Keys-- Franchised Portfolio On Whidbey Island-- Turnkey Hotels With Recent PIP Updates-- $4M complete Candlewood PIP Q1 2026-- NAS Whidbey & Year-Round Demand Drivers-- Highway Visibility & Frontage On Main Road-- Island Accessible By Bridge & Ferries-- Adjacent Land Available (Additional Cost)-- Turnkey Hotel With Operational Economies of Scale-- Limited Competition Within a Destination MarketLOCATIONStrategically located along Whidbey Island’s main arterial S.R. 20, the portfolio benefits from high visibility and proximity to NAS Whidbey Island, the region's largest economic driver. The dual-brand strategy captures a diverse range of demand, from long-term defense contractors and military families at the Candlewood Suites to leisure travelers and corporate groups at the Best Western Plus, which features the area’s premier conference facilities. Oak Harbor serves as the commercial hub of Whidbey Island, a destination renowned for its rugged coastal beauty and year-round tourism. With a combined market share of nearly 46% of the city’s hotel keys, this portfolio offers significant market control in a high-barrier-to-entry Pacific Northwest locale. This is a rare chance to acquire updated, brand-affiliated assets in a stable, supply-constrained maritime community.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.