ABOUT THE PROPERTY
The Econo Lodge Inn & Suites is a 132-guestroom exterior corridor motel originally built in 1962. This property is is well located in Spokane, WA along Interstate 90 between the Spokane International Airport and the downtown area on over 3 acres of land. This sale includes an additional 1 acre lot on W Sunset Blvd. currently used for Park & Ride (see aerial map).
Spokane, WA is located 230 miles east of Seattle and has the 2nd highest population in the State. Nearby local attractions to the property include the Northern Quest Casino, Indian Canyon Golf Course, Spokane Convention Center, Gonzaga University and the Spokane Arena.
- Consistent financial performance and upside potential
- Cap Rate 11.76 % and GRM 3.19X
- Dual branding and / or extended stay opportunity at property
- Additional 1 acre parking for guest benefit or future development
- Spokane, WA is a growing market with a robust development pipeline
THIS IS A CONFIDENTIAL SALE AND WE RESPECTFULLY REQUEST THAT ALL INQUIRIES BE ADDRESSED THROUGH BRIAN RESENDEZ. PLEASE DO NOT ENGAGE EMPLOYEES OR INTERRUPT NORMAL BUSINESS OPERATIONS.
For a full property Offering Memorandum including financials, please register: