6520 North 7th Street Suite 235
Phoenix, Arizona 85014
Phone: 602-954-7133 | Fax: 602-954-0996
info@apostlefitzgerald.com

Broadway Hotel & Suites
Spokane, Washington


73 Guestrooms
Offering Price: SOLD

Investment Overview:
Apostle Fitzgerald & Company is pleased to present for sale the Broadway Hotel & Suites located on Broadway Avenue, at exit 286 and Interstate I-90 in Spokane.  The Broadway Hotel & Suites is the closest hotel to the Spokane Fair and Expo Center, which is just west of the property on Broadway Avenue.  The "Playfair Race Track", is also close-by to the hotel.  Freightliner, Kenworth and the Flying J Truck Centers are within walking distance.

Property Overview:
The property is a 73 room, two-story, interior/exterior corridor hotel.  The existing improvements, located within two building, include a lobby with front desk and back office work area, an administrative office, meeting room, small gift shop area, a combination laundry and housekeeping facility, and an outdoor swimming pool, spa and fitness center.   Spa & kitchenette and theme suites, as well as standard guestrooms, feature 25" TVs, coffee makers, hair dryers, irons/boards, refrigerators and microwaves.  The beautifully decorated and spacious guestrooms are located on two separate floors.  The property opened in 1988, with an addition added in 1999.

Price: Sold
Location: Spokane, Washington
Property Description: Limited Service
Property Age:    Opened 1988
Number of Units: 73
Living Quarters: None
Corridors:    Interior/Exterior
Public Area Amenities:   Outdoor swimming pool, spa, fitness center
Site Size: 1.9143 (+/-) Acres
Trailing 12-month Occupancy: 56.9%
Trailing 12-month Avg. Daily Rate: $47.69
Trailing 12-month Room Revenue: $685,000
Price per Unit: $35,750
Financing:    New

Note: The information shown above has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness.