IN CONTRACT – Seller will consider offers in Back-Up position only.
Updated Economy Hotel in Metro Washington State
The Rodeway Inn & Suites hotel is conveniently located off Interstate 90. This Spokane, WA hotel is minutes from Gonzaga University, the Spokane Convention Center, the Northwest Museum of Arts & Culture, the Spokane Arena and the Metropolitan Performing Arts Center. The Spokane International Airport is 12 miles away.
The city of Spokane, Washington is the perfect destination for those who love outdoor recreational opportunities. There are several areas and beautiful mountains great for skiing, biking and hiking. There are dozens of lakes and rivers for swimming, boating and fishing. Many shopping areas are near our hotel. A wide variety of restaurants, entertainment options and cocktail lounges can be found in the surrounding area. Visit the My Place Tavern, adjacent to the hotel.
This Spokane, WA hotel provides amenities and features like free continental breakfast, free coffee, free wireless high-speed Internet access, free local calls and it is a pet-friendly hotel (additional fees apply, limited pet rooms available). Seasonal outdoor heated pool and hot tub plus on-site exercise room. Meeting room is the perfect place to host events or business functions. Access to copy and fax services is offered. Some rooms come equipped with refrigerators, microwaves, coffee makers, hair dryers, irons and ironing boards. Several rooms have full kitchens. Room types include hot tub suites. Non-smoking rooms are offered. Laundry facilities are located on the premises.
Cap Rate: 10.4%
ROI/Cash Flow: 23.8%