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

La Quinta Inn & Suites
Kennewick, Washington


53 Guestrooms
Offering Price: SOLD

Investment Overview:
Apostle Fitzgerald & Company is pleased to present for sale the La Quinta Inn & Suites located in the Tri-City area, which includes the cities of Richland, Kennewick and Pasco.  Located just off of U.S. Highway 395, exit 113 and Interstate I-82 in southeastern Washington.  Kennewick is a port on the Columbia and Snake Rivers, near the Oregon border.  This is the largest grape producing area in the state.  The economy is supported by chemical and agricultural processing.

Property Overview:
The property is a 53 room, three-story, interior corridor hotel.  The existing improvements, located within one building, include a lobby with front desk and back office work area, breakfast area, an administrative office, meeting room, small gift shop area, a combination laundry and housekeeping facility, and an enclosed swimming pool, sauna, spa and fitness center.   Spa & kitchenette suites, as well as standard guestrooms, feature 25" TV's, coffee makers, hair dryers, irons/boards, refrigerators and microwaves.  The beautifully decorated and spacious guestrooms are accessed from the lobby and are located on three separate floors.  The property opened in 1995.

Price: Sold
Location: Kennewick, Washington
Property Description: Limited Service
Property Age:    Opened 1995
Number of Units: 53
Living Quarters: None
Corridors:    Interior
Public Area Amenities:   Enclosed swimming pool, sauna & spa, fitness center
Site Size: 2.3 (+/-) Acres
Trailing 12-month Occupancy: 71%
Trailing 12-month Avg. Daily Rate: $64.16
Trailing 12-month Room Revenue: $925,000
Financing:    New Required

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.