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

La Quinta Inn
Ritzville, Washington


54 Guestrooms
Offering Price: $2,350,000

Investment Overview:
Apostle Fitzgerald & Company is pleased to present for sale the La Quinta Inn located west of Spokane on Interstate I-90 at exit 221.  The La Quinta Inn is situated in an area surrounded by wheat fields.  Ritzville remains an important milling and shipping center for Washington's dryland wheat crop.  The Washington State Association of Wheat Growths is located here and the United States Department of Agriculture still posts wheat rates on a chalkboard in the front window of their Main Street office.  Tourists visit the town's Downtown Historical District as well as the nearby Burroughs Historical Museum.

Property Overview:
The property is a 54 room, three-story, interior corridor hotel with a 39 rental space, RV Park.  The RV Park is improved with water, sewer and electrical hookups for guests.  The existing improvements, for the hotel and located within one 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 a outdoor swimming pool.   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 1988 and 12 new guestrooms were added in July of 1998.

Price: $2,350,000
Location: Ritzville, Washington
Property Description: Limited Service
Property Age:    Opened 1988
Number of Units: 54
RV Park: 39 improved, rental spaces
Living Quarters: None
Corridors:    Interior
Public Area Amenities:   Outdoor swimming pool
Site Size: 4.32 (+/-) Acres
Trailing 12-month Occupancy: 66.7%
Trailing 12-month Avg. Daily Rate: $44.66
Trailing 12-month Room Revenue: $616,000
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.