Extended Stay Hotel With Repositioning Potential HomeTowne Studios Salem is a 129-key, economy-scale extended stay hotel located in Salem, Oregon. The three-story, exterior-corridor property includes studio units equipped with kitchenettes, dining areas, and HD flat-screen TVs. The guest room mix includes queen studios, as well as accessible units. Built in 1998 and renovated in 2005, the hotel offers operational flexibility for extended stay, workforce lodging, or residential conversion. HomeTowne Studios Salem is encumbered by brand. Brand can be terminated for relatively minor liquidated damages. (Please reach out for estimates.) Located near the Oregon State Capitol, Willamette University, and major employers such as Salem Health, Amazon, and NORPAC Foods, the property consistently captures demand from the government, healthcare, education, and logistics sectors. Nearby infrastructure projects, including the Center Street Bridge retrofit and Capitol renovations, further support weekday business travel. Positioned along I-5 and within an hour of Portland, the hotel benefits from drive-to access and regional connectivity. As a gateway to the Willamette Valley, with more than 500 wineries and year-round outdoor recreation, Salem attracts sustained leisure, contractor, and event-driven lodging demand. HomeTowne Studios Salem features an extended stay layout and brand-optional positioning in a stable, demand-rich market. The asset offers a clear operational value proposition across guest segments and presents upside through improved efficiency, hands-on management, and repositioning strategies. Available individually or as part of a larger extended stay portfolio offering economies of scale. 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.