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Extended Stay Hotel With Repositioning Potential

HomeTowne Studios Salem is a 129-key extended stay hotel in Oregon’s capital city, offering brand flexibility, operational upside, and strong demand from both business and leisure travelers. Located along I-5 in the heart of the Willamette Valley, the property benefits from consistent government, healthcare, and contractor demand, as well as year-round tourism tied to wine country, outdoor recreation, and regional events. The studio layout and highway frontage support repositioning as a hospitality asset or potential conversion to residential or workforce housing. This hotel is available individually or as part of a larger extended stay portfolio.

• $9M | Economy | Extended Stay | 129 Keys
• Oregon State Capitol & I-5 Hwy Exit Frontage
• Adaptive Reuse Potential In Major Metro
• Queen Studios With Kitchenettes
• Demand For Workforce/Contract Housing
• Rebranding Options With Minor Costs
• Available As A Portfolio Or Individual Asset

Salem, Oregon’s capital city, is nestled in the heart of the Willamette Valley and offers a well-rounded mix of natural beauty, cultural attractions, and year-round tourism appeal. Located 45 miles south of Portland along the I-5 corridor, Salem provides convenient regional access for drive-in and business travelers. The city is home to the Oregon State Capitol, Willamette University, and key state agencies, generating steady demand from government, academic, and conference-related visitors. Downtown Salem features a growing mix of galleries, boutique shops, craft breweries, and farm-to-table dining. At the same time, nearby parks, the Willamette River, and surrounding vineyards support outdoor recreation and wine tourism. With more than 130 wineries in the broader region and access to iconic Pacific Northwest landscapes, Salem continues to attract a blend of leisure, business, and group travelers.

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!

Please Note: Buyer’s Brokers will need to obtain a Buyer Paid Fee for this property. There is no Broker commission co-op. Please call with questions regarding this requirement.