Heliotrope Hotel — Sale in Bellingham, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Bellingham, WA 98225
  • Year built: 1950

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Description

Marcus & Millichap has been chosen to exclusively market for sale the Heliotrope Hotel, a 16-room boutique hotel located in Bellingham, Washington. Situated less than one mile from downtown and just off Interstate 5, the property provides convenient access throughout the region. Originally built in 1950 and renovated in 2017, the hotel features Pacific Northwest-inspired guest rooms, an indoor lobby and lounge known as The Hub, and The Yard—an outdoor gathering area with a fire pit, lawn games, and dedicated pet space. The Heliotrope Hotel benefits from its proximity to several key demand generators, including PeaceHealth St. Joseph Medical Center and the Port of Bellingham, both located approximately one mile from the property. Western Washington University, with enrollment exceeding 14,000 students, is approximately two miles away, while Bellingham International Airport is roughly three miles from the hotel. The property is also positioned near downtown attractions and outdoor recreation destinations, supporting demand from leisure, university, medical, corporate, and transient travelers. The Heliotrope Hotel represents an opportunity to acquire a distinctive boutique lodging asset within the Interstate 5 corridor between Seattle and Vancouver, British Columbia. Its localized design, flexible room configurations, and low-overhead operating model differentiate the property within the Bellingham market. Our Pro Forma analysis assumes continued modest growth supported by Bellingham’s diverse demand base, limited supply of comparable boutique accommodations, and established tourism economy, which welcomed nearly 3.5 million visitors in 2025. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Bellingham region. Investment Highlights: • Modern, Pacific Northwestern-Designed Boutique Hotel • Business Model Features Low-Overhead Amenities and F&B to Maximize NOI • Significant Leisure Travel Demand in the

Market Context

This hospitality in Bellingham, WA is listed for sale. The building dates to 1950. Compare it against other hospitality listings for sale in Bellingham, WA — view the full market.

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