View Offering Memorandum & Financials

HomeTowne Studios Tacoma-Puyallup is a 133-key extended stay hotel located in the high-demand Seattle–Tacoma metro. The exterior-corridor asset features queen studio units with kitchenettes, supporting long-term stays tied to workforce housing, relocation, and contract demand. Brand termination is available for minimal liquidated damages, and Multi-Family Tax Exemption (MFTE) zoning creates flexibility for adaptive reuse. A new owner can capitalize on operational inefficiencies, strong submarket fundamentals, and multiple paths to reposition or convert. This hotel is available individually or as part of a larger extended stay portfolio.

The property is strategically positioned near key demand drivers in the Seattle–Tacoma metro. Major employers such as Boeing’s Frederickson facility, MultiCare Good Samaritan Hospital, and the Port of Tacoma support year-round business travel. Nearby educational institutions, including UW Tacoma, WSU Puyallup, and Pierce College, generate lodging demand from faculty, researchers, and visitors. The Washington State Fairgrounds draw over one million annual attendees, while Tacoma’s Museum District and waterfront contribute to sustained leisure and event-driven occupancy. Ongoing infrastructure and industrial development continue to fuel contract housing demand.

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.