Spokane Valley Extended Stay
12803 E Sprague Ave, Spokane, WA 99216
112-key extended stay hotel with repositioning potential.
Type:Hospitality, Multifamily
Property size:
38,700 SFLot size:
2.03 AcresPrice / SF:
$167/SF- Added:
- Aug 13, 2025
- Days on Market:
- 273
- Last Refresh:
- Mar 17 at 1:22 pm
Property Features for 12803 E Sprague Ave
General Information
- Standard status
- Active
- Size
- 38,700 SF
- Lot size
- 2.03 Acres
- Property subtype
- Hospitality, Multifamily
Building Details
- Year Built
- 1998
Listing agent Joseph Kennedy License #OR 950700057
Listing office Crystal Investment Property
Listing date Aug 13, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Crystal Investment Property
HighLights
- Extended stay hotel: 112‑key, economy scale with kitchenette‑equipped studio units, including ADA‑compliant rooms.
- Strategic location: Located along the I‑90 corridor in Spokane Valley, close to key employment, education, and healthcare drivers.
- Strong demand drivers: Benefits from sustained lodging demand.
- Repositioning potential: Can be delivered unflagged, offering flexibility.
- Value‑add opportunity: Presents a compelling opportunity for value‑add investment, adaptive reuse, or portfolio acquisition.
- Accessibility: Direct access to I‑90, regional transit, and Spokane International Airport (~15 miles).
Overview
HomeTowne Studios Spokane Valley is a 112-key, economy scale extended stay hotel situated on approximately 2.03 acres along the I-90 corridor in Spokane Valley. Constructed in 1998 and last renovated in 2006, this three-story property features exterior corridors and offers a mix of full and queen studio units, including ADA-compliant rooms, all equipped with kitchenettes. The property, with a size of 38700 square feet, is currently branded but can be delivered unflagged with relatively minor liquidated damages, providing ownership flexibility for repositioning, integration, or independent operation. Located within minutes of key employment, education, and healthcare drivers such as Gonzaga University, Spokane Community College, and MultiCare Valley Hospital, the property benefits from its proximity to the 600-acre Spokane Business & Industrial Park, the Valley Hospital medical complex, and the upcoming $55M Spokane Valley Performing Arts Center. These contribute to sustained lodging demand from workforce, contractor, and event-related travel. Spokane Valley is a business-friendly submarket of the Spokane metro, offering direct access to I-90, regional transit, and Spokane International Airport, which is approximately 15 miles away. The property presents a compelling opportunity for value-add investment, adaptive reuse, or portfolio acquisition in one of Washington’s fastest-growing markets, with strong drive-to demand and consistent year-round occupancy from logistics, healthcare, and education sectors.
Location Intelligence
Current Use by Public Records
HomeTowne Studios Spokane ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.232557
- Latitude
- 47.657558
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FAQs
What type of property is this?
Hotel - 112-key extended stay hotel with repositioning potential.
Where is this hotel located?
The property is located at 12803 E Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Extended stay hotel: 112‑key, economy scale with kitchenette‑equipped studio units, including ADA‑compliant rooms.; Strategic location: Located along the I‑90 corridor in Spokane Valley, close to key employment, education, and healthcare drivers.; Strong demand drivers: Benefits from sustained lodging demand.
