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HomeTowne Studios Salem, Oregon – Image Credit CoStar Group, Inc.
HomeTowne Studios Salem is being offered to investors as a 129-key economy extended stay property, positioned near the Oregon State Capitol with strong employer demand, adaptive reuse potential, and portfolio flexibility.
Hotel Overview
HomeTowne Studios Salem is a 129-key, economy extended stay hotel with an exterior corridor design, situated on ~2.27 acres with a building footprint of approximately 37,206 square feet. The three-story property (with elevator) includes studio units equipped with kitchenettes, dining areas, and HD flat-screen TVs. The guestroom mix features queen studios as well as accessible units. Built in 1998 and renovated in 2005, the hotel provides operational flexibility across extended stay, workforce lodging, or residential conversion.
Operational Efficiency
Refreshed management presents immediate upside through efficiency-driven oversight, improved expense controls, and dynamic pricing strategies. The HomeTowne Studios Salem extended stay configuration also supports repositioning to workforce rentals, micro-apartments, or supportive housing, leveraging Salem’s diverse economic base.
Investment Details
The hotel is currently encumbered by brand, but termination is available for relatively minor liquidated damages. This flexibility allows investors to reposition under a new flag, operate independently, or pursue adaptive reuse. The property may be delivered without franchise and is available either as an individual asset or as part of a larger extended stay portfolio.
Demand Drivers
Located minutes from the Oregon State Capitol and Willamette University, the HomeTowne Studios Salem benefits from consistent demand tied to government, academic, and civic activities. Proximity to major employers—including Salem Health, Amazon’s fulfillment center, NORPAC Foods, and Salem-Keizer School District—supports strong weekday lodging. Additionally, ongoing infrastructure projects, such as the $300 million Center Street Bridge seismic retrofit and the Oregon State Capitol renovations, will sustain demand for contractors and consultants through 2026. Positioned near I-5 and within one hour of Portland, the hotel captures drive-to business and leisure traffic.
Market Context
As Oregon’s capital city and a gateway to the Willamette Valley, Salem combines government, institutional, and corporate anchors with regional tourism appeal. The Willamette Valley boasts over 500 wineries, a variety of outdoor recreation options, and numerous cultural events that drive year-round visitation. Tourism in the region contributes to Oregon’s $14 billion annual visitor spending, creating stable, diversified lodging demand. With robust weekday business, weekend leisure, and contractor stays, Salem provides a strong foundation for long-term hospitality investment.
HomeTowne Studios Salem offers a flexible, demand-driven opportunity with multiple strategies for value creation in Oregon’s capital metro area.
Call For Offers
The Call for Offers is scheduled for September 17, 2025, at 5:00 PM (PST).
View Listing for HomeTowne Studios Salem
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.
