HomeTowne Studios Spokane Valley Available for Purchase

What's Happening?

HomeTowne Studios Spokane Valley, a 112-key economy extended stay hotel, is now available for purchase. Located in Spokane Valley, Washington, the property offers consistent demand from sectors such as logistics, healthcare, and education. Built in 1998 and last renovated in 2006, the hotel features studio units with kitchenettes, guest laundry facilities, and ample parking. Spokane County, a rapidly growing tourism market, welcomed 9.8 million visitors in 2023, generating significant revenue. The hotel benefits from proximity to major institutions like Gonzaga University and Spokane Community College, contributing to its occupancy rates.

Why It's Important?

The sale of HomeTowne Studios Spokane Valley presents a strategic investment opportunity in a thriving tourism market. The property's location and amenities make it attractive to investors seeking to capitalize on Spokane's growing demand for extended stay accommodations. The potential for repositioning or redevelopment offers flexibility for new owners to adapt the property to changing market needs. The sale aligns with broader trends in the hospitality industry, where extended stay hotels are increasingly popular due to their affordability and convenience.

What's Next?

Interested buyers must submit offers by September 17, 2025. The property's future may involve rebranding or adaptive reuse strategies, such as converting it into micro-apartments or student housing. The outcome of the sale could influence investment patterns in the Pacific Northwest's hospitality sector, potentially leading to further development and expansion in the region.