Candlewood Suites & BW Plus Portfolio 2 Hospitality Properties Offered at $41,785,000 CAD in Oak Harbor, WA

CIP Exclusive - Just Listed
Franchise Portfolio With Proximity To Naval Air Station Whidbey
Candlewood Suites Oak Harbor By IHG and the Best Western Plus Oak Harbor Hotel & Conference Center
The Candlewood Suites & Best Western Plus Portfolio represents a premier investment opportunity in the heart of Oak Harbor, Washington. This 160-key, dual-branded portfolio consists of two 4-story, interior-corridor hotels situated on approximately 3.91 acres of fee-simple land. Having recently completed extensive Property Improvement Plans (PIPs) in 2026, the properties offer a turnkey transition for an incoming owner with modernized guest rooms, refreshed public spaces, and optimized infrastructure.
Strategically 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.
Location Description
Oak Harbor, Washington, on Whidbey Island, is a welcoming coastal town that combines small-town charm with stunning natural surroundings. Its walkable downtown features local restaurants, coffee shops, boutiques, and waterfront parks that create a relaxed, community-focused atmosphere. Visitors are drawn to the area for its access to outdoor activities like hiking, biking, boating, fishing, kayaking, and whale watching. The town hosts seasonal markets and events that reflect its maritime roots and friendly, laid-back vibe. Naval Air Station Whidbey Island adds year-round economic stability and cultural diversity, while easy access by ferry or scenic drive from Seattle makes Oak Harbor a well-connected base for exploring the broader Puget Sound region.
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!
Please Note: 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.