As we near our 5th year anniversary in the hotel business, our plans have shifted from acquiring and operating select branded hotels as well as independent tourist hotels to focusing on well-located tourist hotels. We have sold our GuestHouse Inn property and are in the process of acquiring and remodeling the 42 room Rodeway Inn in Long Beach, Washington. We will rename the hotel "Inn at the Sea" day one of ownership. The remodeling will include new cedar siding, new 2nd floor and stair railing, renovated parking lot, lobby, outdoor pool, and new signage, plus new floor covering, paint, kitchenettes, bathrooms, and furniture for all 42 rooms. Completion date is set for next Spring to be ready for the 2019 tourist season.
With the success of operating two hotels in Winthrop, Wa, we are looking forward to now operating two hotels in Long Beach. Inn at the Sea is less than two blocks from the Coastal Inn our flagship hotel purchased in 2014. Beyond the purchase of the Rodeway Inn, we are currently selling our Red Lion property in Ontario with plans to acquire one or two additional hotels near our existing hotels along the Oregon and Washington coast.