SPOKANE, WA-Locally-based Granite Investments LLC is branching out into the hotel business with plans to develop, own and manage a 123-room Hilton Gardens brand hotel here on a portion of its 300-acre West Plains development. Granite Investments partner Lowell McKee tells GlobeSt.com the company is set to break ground sometime in March, with completion anticipated for July.

Leading the effort will be Granite Investments primary partner Richard Vandervert, whose namesake construction company owns several hotels. The three-story limited-service Hilton Gardens will be modeled upon a new prototype Hilton format. Russ Page Architects of Spokane is designing the 65,454-sf hotel on three acres situated off a planned extension of Flint Road, one-half mile from the Spokane International Airport.

McKee says his LLC is raising approximately $6 million from private investors in first-round money for the West Plains development. Other plans for the campus include office space, and high-tech/biotech facilities.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.