HomeTowne Studios Salem, OR 3535 Fisher Rd NE 129 Room Hotel Salem, OR 97305 $12,327,390 CAD ($95,561 CAD/Room) 6.33% Cap Rate

Extended Stay Hotel With Repositioning Potential - $69,767 per key!
**Pace-Morby-style offers will NOT be entertained.**
HomeTowne Studios Salem is a 129-key extended stay hotel in Oregon’s capital city, offering brand flexibility, operational upside, and strong demand from both business and leisure travelers. Located along I-5 in the heart of the Willamette Valley, the property benefits from consistent government, healthcare, and contractor demand, as well as year-round tourism tied to wine country, outdoor recreation, and regional events. The studio layout and highway frontage support repositioning as a hospitality asset or potential conversion to residential or workforce housing. This hotel is available individually or as part of a larger extended stay portfolio.
Located near the Oregon State Capitol, Willamette University, and major employers such as Salem Health, Amazon, and NORPAC Foods, the property consistently captures demand from the government, healthcare, education, and logistics sectors. Nearby infrastructure projects, including the Center Street Bridge retrofit and Capitol renovations, further support weekday business travel. Positioned along I-5 and within an hour of Portland, the hotel benefits from drive-to access and regional connectivity. As a gateway to the Willamette Valley, with more than 500 wineries and year-round outdoor recreation, Salem attracts sustained leisure, contractor, and event-driven lodging demand.
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