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West Coast Hospitality Selling Limited-Service Property in Eastern Washington

SPOKANE, WA-The buyer of the 153-room Budget Inn is Vancouver BC-based Musafar Investments LLC, which owns the Howard Johnsons Inn here. West Coast says it's selling the property because it isn't in line with the company's full-service focus.

By Janet Parker | Updated on December 05, 2000

SPOKANE, WA-West Coast Hospitality Corp. is selling its 153-room Budget Inn here. The buyer is Vancouver BC-based Musafar Investments LLC, which has formed Knightsbridge Investments LLC for the purchase of the 153-room motel. Musafar owns the Howard Johnsons Inn here at 211 S. Division. The purchase price was not immediately being made available, but Rene Montgomery, operations manager of the Howard Johnsons, says that if deal is consummated, Musafar may spend as much as $2.5 million on renovations.

The Budget Inn is located at 110 E. Fourth. A source at West Coast says the Budget Inn was purchased in 1991, at a time when the Spokane-based company was considering moving in that direction. With the company now focused on three- and four-star, full-service hotels, the property was seen as surplus. West Coast now franchises, manages or owns 45 full-service hotels throughout nine western states.

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