In Brief: Crystal Investment Property (CIP) announces the exclusive listing of The Drifthaven at Gearhart, a 12-key, upscale select-service boutique hotel in Gearhart, Oregon, that presents a strong operational acquisition opportunity with fee-simple land ownership and fully updated facilities
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The Drifthaven at Gearhart – Image Credit Crystal Investment Property
Crystal Investment Property (CIP), a leading hospitality investment brokerage, is pleased to announce its exclusive representation of The Drifthaven at Gearhart in Gearhart, Oregon. The Drifthaven at Gearhart is a 12-key, upscale select-service boutique asset offering an acquisition opportunity on fee-simple land, with zero immediate capital expenditure required after a complete property renovation completed in 2025.
Hotel Profile At A Glance
- Independent Boutique | Upscale | Select-Service | 12 Keys
- Attractive Revenue Multiple Position in Premium Coastal Market
- Complete Upscale Property Renovation Completed in 2025
- High-Yield Return Profile Driven by Expense Normalization & Rate Optimization
- Prime Market Location Near Gearhart Golf Links & Pacific Ocean Beachfront
- High-Margin Active Liquor License Monetization with Zero F&B Overhead
- Owned, Fee Simple Land (0.45 Acres) with Adjacent Expansion Potential
- Strong Drive-To Coastal Destination for Seattle, Tacoma, & Portland Metro Areas
Strategic Location & Market Context
The Drifthaven at Gearhart operates in Clatsop County, a primary economic engine for Oregon coastal tourism, with annual travel spending exceeding half a billion dollars. Situated on 0.45 acres of fee-simple land at 67 N Cottage Ave, the property sits just two blocks from the historic Gearhart Golf Links, the state’s oldest golf course, and the Pacific Ocean beachfront.
The hotel is a premier drive-to destination 90 minutes from Portland, drawing high-volume leisure traffic from major metropolitan areas across the Pacific Northwest. Lodging demand is supported year-round by natural draws and special events, including seasonal razor clamming tides, whale migrations, and local community attractions in nearby Seaside, Cannon Beach, and Astoria.
“Gearhart offers a blend of historic serenity and natural beauty that captures high-yield leisure travelers year-round. This boutique hotel gives an incoming investor a turnkey, fee-simple asset in a premium coastal market with clear operational upside through rate strategy, expense normalization, and stay-and-play event packages.” — Joseph Kennedy, President of Crystal Investment Property
Asset Profile
Built in 1942 and fully updated in 2025, the 5,600-square-foot hotel comprises two buildings on owned, fee-simple land. Accommodations include Classic King and Premium King rooms, plus spacious one- and two-bedroom suites that sleep up to six guests. In-room features include private entrances, kitchenettes or full kitchens, walk-in rain showers, electric fireplaces, and French press coffee makers. Guest amenities include complimentary daily breakfast, premium Wi-Fi, and pet-friendly accommodations. Two adjacent parcels totaling 0.27 acres are also available for purchase at an additional cost. Located near McMenamins Gearhart Hotel with Restaurant and Pub options for guest dining.
Investment Appeal
The Drifthaven at Gearhart delivers a rare turnkey operational foundation with immediate upside. With all major capital improvements completed in recent property updates, new ownership acquires a fully modernized physical asset with no near-term deferred maintenance. Operating independently and free of restrictive franchise rules, a new owner can expand revenue streams through custom Stay & Play packages with the local golf course, full property buyouts, and group event hosting. The property’s active liquor license also provides a turnkey opportunity to capture high-margin beverage revenue without traditional food-and-beverage overhead.
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Disclaimer: The building and parcel sizes are approximate. All information is obtained from sources deemed reliable and is subject to buyer verification. All property tours must be arranged through the broker. Do not contact the property or employees.
About CIP
Crystal Investment Property, a premier hospitality investment advisory and brokerage company located in the Pacific Northwest, maintains a cutting-edge technological, online, and social media presence, along with a full range of traditional and web-based marketing to reach local, regional, national, and international clientele. The firm’s core services of hospitality asset acquisition/disposition are supported by innovative and creative solutions to maintain its position as the most active and successful hotel broker in the region. Crystal Investment Property represents the full spectrum of hospitality real estate owners, and their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, as well as development projects and leasehold transactions.
Media Contact:
Teri G. Beck, Marketing Director
Crystal Investment Property
503.530.1316
press@crystalip.com