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HomeTowne Studios Spokane Valley – Image Credit CoStar Group, Inc.
HomeTowne Studios Spokane Valley is a 112-key economy extended stay hotel positioned in a fast-growing Spokane submarket, offering investors consistent year-round demand from logistics, healthcare, and education sectors with portfolio scalability.
Hotel Overview
HomeTowne Studios Spokane Valley is a 112-key economy extended stay hotel positioned along the I-90 corridor in Spokane Valley, Washington. Built in 1998 and last renovated in 2006, the three-story, exterior-corridor property sits on approximately 2.03 acres. The hotel offers a mix of full and queen studio units, including ADA-compliant rooms, each equipped with kitchenettes. Additional amenities include guest laundry facilities, elevator access, and ample parking, which can accommodate buses and trucks.
Market Context
Spokane County is one of Washington’s fastest-growing tourism markets. In 2023, the region welcomed approximately 9.8 million visitors, generating $1.48 billion in direct spending and $368 million in lodging revenue. The Spokane Valley Tourism Promotion Area collected $1.4 million in 2024, reflecting consistent demand for overnight stays. Sports tourism has become a significant driver, with new facilities contributing to over $86 million in business sales. Spokane International Airport, located just 15 miles away, supports both drive-to and fly-in demand across the Inland Northwest.
Demand Drivers
The hotel benefits from proximity to major employment and education anchors. Gonzaga University, Spokane Community College, and the WSU Health Sciences campus are all located within a short drive, alongside MultiCare Valley Hospital and the 600-acre Spokane Business & Industrial Park, home to more than 120 companies. The new $55 million Spokane Valley Performing Arts Center, scheduled to open in 2025, will further strengthen regional event-driven lodging demand. These institutions generate consistent occupancy from healthcare professionals, contract labor, students, and visiting families.
Investment Upside Potential
Currently encumbered by brand, HomeTowne Studios Spokane Valley may be delivered unflagged for relatively minor liquidated damages. This provides ownership flexibility to reposition under a new brand, operate independently, or pursue adaptive reuse strategies such as micro-apartments, student housing, or workforce rental units.
Located in a business-friendly submarket with lower overhead compared to downtown Spokane, the property offers both near-term operational upside and long-term redevelopment potential. Available as an individual acquisition or as part of a larger extended stay portfolio, this asset aligns with scalable growth strategies across the Pacific Northwest.
Call For Offers
The Call for Offers is scheduled for September 17, 2025, at 5:00 PM (PST).
View Listing for HomeTowne Studios Spokane
Disclaimer: The building and parcel sizes are approximate. All information is obtained from sources deemed reliable and is subject to buyer verification. All property tours must be arranged through the broker. Do not contact the property or employees.
