Pasco Motel Sold And Will Soon Be “Micro” Apartments
You've driven by several motels around the Tri-Cities and you've seen the fencing up as renovations have begun. Another Pasco motel has sold and soon it will be renovated for a totally different cause.
The Loyalty Inn will soon be a thing of the past as an Oregon developer has bought the property and will soon renovate it into "mini" apartments.
This purchase will be the fifth property bought in the Tri-Cities. Fortify Holdings is also trying to close purchases on the Quality Inn in Kennewick, The Rodeway Inn in Pasco, and the Days Inn in Richland.
The Loyalty Inn will be converted into 160 "mini" apartment units according to an article from the Tri-City Herald. The Loyalty Inn is located on Lewis Street and has been in a dilapidated state for many years and has been rated as a 2-star motel with scathing reviews.
Fortify Holdings of the Mid-Columbia is spending some $30 million on renovating rundown motels in the area. If you see fencing and construction going on at old motels in the Tri-Cities, odds are they'll soon be owned by Fortify Holdings.
The one motel they haven't bought was the Economy Inn in Richland, another holding company has purchased that property.
You can check out more details about Fortify Holdings here and you can read more details on the purchase of the Loyalty Inn here.