This Hotel & Motel Property is Off-Market.

3808 N Sullivan Rd
Spokane, WA 99216 ·

65 Rooms · Hotel & Motel For Sale

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La Quinta Inn & Suites Spokane

Price N/A Average Daily Rate $78
No. Rooms 65 RevPAR $51
Building Size 30,000 SF No. Stories 3
Property Type Hotel & Motel Year Built 1996
Property Sub-type Economy/Limited Service Corridor Interior
Property Use Type Investment Lot Size 65,340 SF
Cap Rate 9.84%
Listing ID: 16362171 Date Created: 08/19/2009 Last Updated: 04/25/2012

Description

This property is 1½ miles north of Interstate 90 at exit 291B . Downtown Spokane is 10 miles west, and Spokane International Airport is 16 miles. This11 year old Property has good curb appeal, and is easily visible along Sullivan Road, surrounded by business and industrial parks. This three story interior corridor hotel features well appointed public amenities and tastefully decorated guest rooms including 16 suites. The owner just added 6 new guestrooms, replacing leased offices. It is estimated the new guest rooms will increase annual room revenue by over $112,000. They are also currently renovating the entire hotel to La Quinta standards.

All rooms have microwave ovens, hair dryers, coffee makers, irons with ironing boards, and free high speed Internet access. Each room has cable television, and individual alarm clocks. Guests have unlimited free local calls, free parking, and free newspapers. Pets are welcome.

A complimentary Bright Side breakfast is served fresh each morning, and guests enjoy a 24 hour fitness room, business center, indoor swimming pool and spa. A guest laundry is available. Small meetings are welcome with a 600 sq. ft. meeting room, for 40 attendees

Incorporated as a city in 1881, the city of Spokane is located on the Spokane River in Eastern Washington, 271 miles east of Seattle, 20 miles from Idaho, and 110 miles south of the Canadian Border. With a population of 201,000, Spokane is the second largest city in Washington, served by Interstate 90, running east west from Seattle to Coeur d' Alene, through Idaho and into Montana.

Because of Spokane' s location between the Cascade Mountains to the west, and the Rocky Mountains to the East and North, the city is protected from severe weather patterns experienced in other parts of the Pacific Northwest. As a result of this modifying effect the area has less than half the rainfall of Seattle, with a warm arid climate in the summer and cold coastal climate in the winter.

With four seasons, Spokane can be characterized as an outdoors city, with close proximity to dozens of lakes and rivers for, boating and fishing, as well as mountains for skiing, hiking, and biking. Within a short drive of Spokane there are 76 lakes, 33 golf courses, 11 wineries, five national parks, and the Columbia River George.

Research

3808 N Sullivan Rd, Spokane, WA 99216 (Spokane County)

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