HomeTowne Studios Spokane Valley 12803 E Sprague Ave 115 Room Hotel Spokane Valley, WA 99216 $8,903,115 CAD ($77,418 CAD/Room)

Extended Stay Hotel With Repositioning Potential
**Pace-Morby-style offers will NOT be entertained.**
HomeTowne Studios Spokane Valley is a 112-key, economy scale extended stay hotel located on ~2.03 acres along the I-90 corridor in Spokane Valley. The three-story, exterior corridor asset offers a mix of full and queen studio units, including ADA-compliant rooms, all featuring kitchenettes. Built in 1998 and last renovated in 2006, the property is currently encumbered by brand but may be delivered unflagged for relatively minor liquidated damages, offering ownership flexibility for repositioning, integration, or independent operation.
The property sits within minutes of key employment, education, and healthcare drivers, including Gonzaga University, Spokane Community College, and MultiCare Valley Hospital. The area is home to the 600-acre Spokane Business & Industrial Park, the Valley Hospital medical complex, and the upcoming $55M Spokane Valley Performing Arts Center, each contributing to sustained lodging demand from workforce, contractor, and event-related travel.
Spokane Valley is a strategic, business-friendly submarket of the Spokane metro, offering direct access to I-90, regional transit, and Spokane International Airport (~15 miles). With strong drive-to demand and consistent year-round occupancy from logistics, healthcare, and education sectors, HomeTowne Studios Spokane Valley presents a compelling opportunity for value-add investment, adaptive reuse, or portfolio acquisition in one of Washington’s fastest-growing markets.
Spokane, Washington, is a mid-sized city that combines walkable urban amenities with easy access to outdoor recreation. Spokane's downtown centers around the Spokane River and Falls, with parks, cultural venues, and historic architecture creating a compact and livable core. Visitors come for events, concerts, museums, and a strong regional food and arts scene. The city hosts year-round festivals and seasonal markets, with a calendar of public events that includes sports tournaments, live performances, and community gatherings. Surrounding trails, lakes, and mountains offer hiking, biking, fishing, skiing, and water access within a short drive. Spokane is 20 minutes from Spokane International Airport and serves as a regional base for travel throughout the Inland Northwest, including Coeur d’Alene and eastern Washington.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Please Note: Buyer's Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement. Offered in cooperation with Lifeline Equity Real Estate