IN CONTRACT – This property is currently in contract.
PRINCIPALS ONLY. CA Required for additional information.
Please note: Price is suggested guidance only. $2.7MM opening bid required.
The Fairfield Inn & Suites is an 84-guest room, four-story hotel located in Downtown Spokane, Washington. The hotel is located across the street from the Spokane Convention Center, a 120,000 square foot venue that hosts a variety of large conferences and events throughout the year. The property opened in 1994 and is less than a mile north of Interstate 90 and U.S. Highway 195. Spokane International Airport is less than a 10-minute drive from the hotel. Situated just off the southern bank of the Spokane River, the hotel’s central location provides guests with easy access to all of Spokane’s major destinations for business and leisure travelers alike. Other nearby demand generators include Gonzaga University, Washington State University Spokane, Spokane Arena, Fairchild Air Force Base and more.
The Fairfield Inn & Suites Spokane Downtown has grown over 4.5% year-over-year in both Occupancyand RevPAR. This property is a strong performer with impressive index penetration at 110.8% in Occupancy, 101.1% in ADR, and 112.0% in RevPAR. Growing population, inexpensive real estate and favorable tax incentives for businesses make Spokane an attractive place for both companies looking to expand as well as startups.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
In cooperation with Hunter Hotel Advisors.
Special Property Features Include:
- Central Location in Major WA Metro
- Strong Performer with Impressive Index Penetration
- 4.5% Year-over-year Growth In Both Occupancy & RevPAR.
- Attractive Market for Business Expansion
- Nearby Amazon Expansion
Property Details
Keys: 84
Location: Washington, Airport, Metro, Highway
City: Spokane
State: WA
ZIP: 99202
Type: Franchised, Select Service
Cap Rate:
GRRM:
ROI/Cash Flow:
Financing: Auction Sale
Additional Features:
Pool / Spa, City Center, Interior Corridor, Exercise Room, Franchised
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