12803 E Sprague Ave, Spokane, WA 99216

Listing agent Chris Burdett License #li554678

Listing office CBRE - Seattle

Listing date Jun 8, 2026

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Seattle

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Overview

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.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

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 - 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).