NEWPORT, OR—Vesta Hospitality has acquired the Best Western Agate Beach Inn here.
Located off U.S. Highway 101, the 148-room hotel features direct access to Agate Beach and is within two miles of Agate Beach Golf Course, Nye Beach and the Agate Beach neighborhood. Don Davis Memorial Park and Yaquina Bay Bridge are within three miles.
According to Rick Takach, chairman/CEO of Vesta, the company will complete a multimillion-dollar renovation of the property that will include upgrading all common areas, remodeling all rooms and developing a new concept for the F&B component. The work will begin in January 2017.
“The Agate Beach Inn is a fantastic property in a phenomenal location,” said Takach. “We will build on its successful track record and make the investments that are required to take it to next level in terms of quality, service and guest satisfaction.”
Vesta Hospitality has a portfolio of 13 properties across the U.S.