IN CONTRACT – This property is currently in contract, the seller will consider offers in backup position only.
Midscale Franchise Hotel Remodeled in 2018
The Quality Inn & Suites Liberty Lake is a 70 key select service franchised midscale hotel with interior corridors. The property was extensively remodeled in 2018 and features a 2-story lobby, hotel store for snacks and toiletries, fitness center, indoor heated pool, and hot tub, as well as the “Q Zone” sports and recreation room. Guest room mix includes a selection of King and Queen rooms, kitchenette and spa suites, and accessible rooms. Property includes 300 sq.ft. meeting room and business center to cater to business travelers. Ideally located between Spokane and Coeur d’Alene with proximity to Spokane International Airport for ease of access. Property offers highway visibility and is close to a variety of demand drivers. Absentee Owner and fully staffed nationally branded franchise mean strong upside potential for on-site Owner/Manager.
Sandy beaches, nature trails, golf courses, local restaurants, summer concerts, and waterfront appeal continue to make Liberty Lake an epicenter for tourism. Liberty Lake Regional Park features over 3,591 acres of wetlands, lakeshore, and forest, letting visitors hike, bike, swim, and enjoy other exciting outdoor recreation activities. Restaurants in the area feature local ingredients and wines, live music, and tasting rooms overlooking the lake. The city’s Summer Concert Series hosts live music, theatre shows, and movie screenings in Pavillion Park.
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!
Please Note: Buyer’s Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.
Special Property Features Include:
- Extensive Remodel in 2018
- Highway Visibility & Close to Demand Drivers
- Brand New Q Zone, Sport & Recreation Center
- Absentee Owner – Fully Staffed
- Located Between Spokane and Coeur d’Alene
- Proximity to Spokane International Airport
City: Liberty Lake
Type: Select Service, Franchised
Cap Rate: 8.25%
ROI/Cash Flow: 12.48%