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HomeTowne Studios Tacoma-Puyallup, WA – Image Credit CoStar Group, Inc.
HomeTowne Studios Tacoma-Puyallup is a 133-key economy extended stay hotel positioned in the high-demand Seattle–Tacoma metro, offering investors brand flexibility, operational upside, with Multi-Family Tax Exemption (MFTE) zoning.
Hotel Overview
HomeTowne Studios Tacoma-Puyallup is an economy-scale extended stay hotel built in 1999 and renovated in 2015. The property is a three-story, exterior-corridor building with an elevator, situated on approximately 3.93 acres of owned, fee-simple land, with a 43,164-square-foot footprint.
The hotel features 133 studio units, available in Queen Single, Queen Double, and ADA-accessible configurations, as well as on-site laundry. Each unit is equipped with a kitchenette designed for long-term lodging, supporting demand from workforce housing, relocation, and contract travelers.
Operational Efficiency
A new owner of HomeTowne Studios Tacoma-Puyallup can unlock near-term upside through refreshed management, expense control, and targeted upgrades. The extended stay layout provides inherent operational efficiencies that can be maximized with hands-on oversight and dynamic pricing strategies. This operational flexibility offers a clear path to improved RevPAR and NOI, differentiating the hotel from more rigid institutional assets.
Demand Drivers & Market Context
Industrial and institutional demand in Tacoma and Puyallup is anchored by Boeing’s Frederickson facility and MultiCare Good Samaritan Hospital, with additional support from nearby universities. Proximity to the Port of Tacoma and the Frederickson industrial corridor drives logistics-related stays, creating durable weekday and extended stay business for HomeTowne Studios Tacoma-Puyallup.
The Washington State Fair leads leisure demand, and regional tourism is bolstered by more than 37 million annual visitors to the Seattle-Tacoma metro area. Anticipated activity tied to the 2026 FIFA World Cup is expected to add incremental lodging demand. Approximately 2 miles to the Washington State Fairgrounds, 8 miles to the Port of Tacoma, and 16 miles to Seattle Tacoma International Airport.
Investment Details
The property offers flexibility with the ability to deflag at relatively minor cost. Multi-Family Tax Exemption (MFTE) zoning also supports potential conversion to housing. HomeTowne Studios Tacoma-Puyallup may be acquired individually or as part of a larger extended stay portfolio.
Situated in the Seattle-Tacoma metro near major employers, education hubs, and the Washington State Fairgrounds, HomeTowne Studios Tacoma-Puyallup delivers durable, location-driven upside for extended stay investors.
Call For Offers
The Call for Offers is scheduled for September 17, 2025, at 5:00 PM (PST).
View Listing for HomeTowne Studios Tacoma-Puyallup
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.
