Extended-Stay Hotel Portfolio
For Sale
Contact for pricing
12803 E Sprague Ave, Spokane, WA 99216
Fee-simple extended-stay HomeTowne Studios offered individually or as a multi-market portfolio across the Pacific Northwest.
Property Size1 SF
Days on Market60
Property Features for 12803 E Sprague Ave
General Information
Standard status
Active
Size
1 SF
Property subtype
Hospitality
Additional Details
Business Included
Yes
Listing Agency:
CBRE - Seattle
Listed By:
Chris Burdett · License #li554678
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 6 at 5:15AM
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 CBRE - Seattle
Investment Insights
Based on property information with market context.
CBRE Hotels, as exclusive advisor, presents the fee-simple interest in the HomeTowne Studios extended-stay hotel, available as an individual acquisition or as part of a multi-asset portfolio. The offering is positioned around an extended-stay lodging model, with longer lengths of stay as a core operating characteristic. CBRE notes the portfolio is designed for a range of demand sources, including workforce housing, government, healthcare, and project-based corporate demand.
This specific opportunity is located at 12803 E Sprague Ave in Spokane, Washington. The broader portfolio scope referenced in the offering materials includes additional HomeTowne Studios properties in Salem, Oregon, and the Eugene/Springfield, Oregon market.
For an owner-operator or investor seeking hands-on management, CBRE states the properties are currently corporate-managed from Florida and that future positioning may be flexible. The offering materials further indicate the HomeTowne brand can be terminated for relatively minor liquidated damages, and that Red Roof requires minimal PIP, while Choice and other extended-stay brands may have attractive key money packages and competitive PIPs available.
This specific opportunity is located at 12803 E Sprague Ave in Spokane, Washington. The broader portfolio scope referenced in the offering materials includes additional HomeTowne Studios properties in Salem, Oregon, and the Eugene/Springfield, Oregon market.
For an owner-operator or investor seeking hands-on management, CBRE states the properties are currently corporate-managed from Florida and that future positioning may be flexible. The offering materials further indicate the HomeTowne brand can be terminated for relatively minor liquidated damages, and that Red Roof requires minimal PIP, while Choice and other extended-stay brands may have attractive key money packages and competitive PIPs available.
Key Highlights
- Fee‑simple interest in HomeTowne Studios offered individually or as a multi‑market portfolio across Salem, Eugene/Springfield, OR, and Spokane, WA.
- Extended‑stay lodging model with longer average lengths of stay and reduced operating costs, with stable occupancy profiles versus traditional select‑service hotels.
- Markets span the Pacific Northwest: Salem (state capital), Eugene/Springfield (University of Oregon, healthcare systems), and Spokane (healthcare, education, distribution).
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Fee-simple extended-stay HomeTowne Studios offered individually or as a multi-market portfolio across the Pacific Northwest.
Where is this hotel located?
The property is located at 12803 E Sprague Ave Spokane, WA.
What are key features of this property?
This property features: Fee‑simple interest in HomeTowne Studios offered individually or as a multi‑market portfolio across Salem, Eugene/Springfield, OR, and Spokane, WA.; Extended‑stay lodging model with longer average lengths of stay and reduced operating costs, with stable occupancy profiles versus traditional select‑service hotels.; Markets span the Pacific Northwest: Salem (state capital), Eugene/Springfield (University of Oregon, healthcare systems), and Spokane (healthcare, education, distribution).
