The Fairgate Inn and Event Facility in Camas, Washington is recognized as one of the Northwest's most luxurious event properties. With its convenient location only 15 minutes from the Portland International Airport and breathtaking views of Mount Hood the possibilities for future growth are limitless.

Built in 2000 on two and a half acres of manicured grounds, this total 12,000 square foot facility comes complete with an oversized gazebo, beautiful courtyard, 10 foot ceilings, stunning architectural detail, and a turn key inventory of fine furniture and accessories.

Because the Inn is a purpose built and commercially permitted structure, there are numerous potential business opportunities. Replacement costs alone are estimated at 2.3 million for the structures, approx. $800,000 for the land and the inventory is estimated at approx. $300,000. Remember, these values do not include any estimates for the value of the ongoing business with its current bookings and profitable future.

Site: Current Business-

• weddings and receptions
• retreats---business and religious
• business conferences
• luxury at its finest---boutique bed and breakfast
• retirement parties and mixers
• political campaigns and gatherings
• corporate "think tank"

In 2005 and prior, the Fairgate Inn hosted and offered the above. Net income exceeded strong six figures as the business and facility was in the "black" from year one. 2006 has bookings and events that far exceeds 2005, as the business has "grown" each and every year since inception, which includes the original owners.

Potential Business Opportunity Other Than Current Use -

• theme dinners, executive chef
• small quaint, upscale hotel
• spa and retreat
• rehabilitation clinic
• luxury assisted living facility

Structure: The Fairgate Inn offers a full stainless, executive kitchen setup. All the amenities that an executive chef would have in the finest restaurant, including a formal dining room that is breathtaking. There are currently (9) rooms for accommodations, which would offer a turn-key with this venue. Each room is unique of itself and includes the finest in taste and elegance.

Interestingly enough, the Fairgate Inn is "pre-plumbed" for an elevator and the facility includes ramping and sprinklers which were all built to commercial code. This truly is a turn-key facility. Resting on 2 1/2 acres the backyard includes an elevated gazebo and an overhang which will allow up to 500 people for an event. Other possibilities include EXPANSION on one side and also the back, which for an upscale assisted living would include additional wings and enclosing the back. Upscale assisted livings would generate income of $ 7500 upward to $10,000 plus per room, which would earmark the Fairgate for gross revenue exceeding a strong 1M.

Offering: The Fairgate Inn awaits the entrepreneur as an owner-operator or absentee basis that truly sees the vast potential for this one-of-a-kind luxury facility. For financials contact:

Financial information: Occupancy: 50% Average daily rate (ADR): $150.00 Income from room sales: $430,000. Property Taxes: n/a Personal Property Taxes: n/a Electricity: n/a Water and Sewer: n/a Natural Gas: n/a Insurance: n/a   Total Major Utilities, Taxes, & Insurance: n/a

 Special Note: n/a

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