Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Cloudy 49° Cloudy
News >  Spokane

Worthy testing waters on possible Davenport sale

A national commercial real estate website is soliciting bids for a possible sale of the Davenport Hotels.

Real Capital Markets listed the hotels as represented by a brokerage in Scottsdale, Arizona.

Walt Worthy, who owns the Spokane hotels along with his wife, Karen, said Tuesday they are happy running the hotels and that everything at the hotels is “doing great.”

He noted, however, that interest rates are low and it seemed like a good time to test the water “to see if there’s an offer we can’t refuse.”

“I’m not in any big hurry to sell but at the right price, I’m willing to do it,” Worthy said. “More than likely we’re going to continue doing what we’re doing.”

Worthy, 69, said he will only entertain offers to buy all three of his hotels, the Davenport, Davenport Tower and the Davenport Grand Hotel.

“In the next 10 or 15 years we’re going to sell the hotels,” he said. “It would be nice if you could do it before you die.”

He added: “But we’re in great health.”

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.