IN CONTRACT – Seller will consider offers in backup position only.
$8,100,000 | Midscale | Select-Service | 83 Keys
Ideally Situated Spokane Airport Franchise Hotel
Wingate by Wyndham Spokane Airport is an 83 key, select-service, midscale, franchise hotel. The property features a lobby with a seating area, breakfast area, and convenience store/sundries mart, guest laundry, gym/fitness center, indoor recreation room, and an outdoor seasonal pool. ~1000 sq.ft. of meeting & event space, as well as a business center, is available for business guests.
The guest room mix includes a selection of Queen Double, King Single, King Suites, and ADA (Mobility Accessible) rooms. Room amenities include non-smoking guest rooms, free WiFi, a flat-screen TV with premium movie channels, desk, coffee maker, hairdryer, iron, and ironing board.
The Wingate by Wyndham Spokane Airport sits on 5 acres of leased land adjacent to Spokane International Airport (GEG). The second-largest airport in Washington, GEG processed 4.1 million passengers in 2019. Guests are within walking distance of the terminal and the hotel offers a complimentary shuttle service. Shuttle service allows guests easy access to the nearby casino, downtown restaurants, and shopping. Ample truck, RV, bus parking, and electric car charging station are available on-site.
Wingate by Wyndham Spokane Airport Location
Spokane is a place where city life mingles with nature. Amid the charm and bustle of urban downtown Spokane, you’ll find the Spokane River gorge and the inspiring Spokane Falls. A mixture of urban chic and outdoor adventures, Spokane has something for everyone. Inspired restaurateurs, winemakers, and craft brewers create delicious adventures. Explore the arts district, riverfront park, or live music events downtown. Shop boutiques nestled in carefully preserved historic buildings. Outdoor enthusiasts can scale narrow basalt canyons, hike, golf, or ski nearby resorts.
Property Features
- 9.17% Cap Rate, 12.37% ROI & 2.97 GRM
- 3x 2019 Gross Revenue
- Possible Opportunity to Rebrand
- International Airport Adjacent Leased Land
- Near Casino & Restaurants
- Conference Center & Meeting Rooms
- Room To Expand on 5 Acres – Potential to expand subject to Buyer’s independent investigations.
- View Property Video
Property Details
Keys: 83
Location: Airport, Metro
City: Spokane
State: WA
ZIP: 99224
Type: Franchise, Select-Service
Cap Rate: 9.17%
GRRM: 2.97
ROI/Cash Flow: 12.37%
Financing: New
Additional Features:
Pool / Spa, Near Casino, Midscale, Airport
Disclaimer
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!
Broker Co-op Agreement
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.
Photos of Wingate by Wyndham Spokane Airport
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Wingate by Wyndham Spokane Airport Map
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