A New Mexico-based company plans to develop a Hampton Inn & Suites hotel in Spokane Valley at a cost of $11 million.


The 106-room hotel will be located on the south side of east Indiana Avenue, just east of a Hooters restaurant and across the street from a big office complex that Worthy Enterprises is building, says Carl Guenzel, a real estate agent at Spokane-based Kiemle & Hagood Co., who handled the sale of the hotel site.


The Albuquerque, N.M.-based developer, Gustin Property Group LLC, recently bought the 2.5-acre site from Spokane Valley-based Hanson Industries Inc., Guenzel says. The company plans to break ground on the four-story, 65,000-square-foot hotel in July and open it next May, he says.


The hotel will have about 15 full-time employees, he says.


Yost, Mooney & Pugh Contractors Inc., of Spokane, is the contractor on the project, Guenzel says. Spokane-based Womer & Associates Inc., of Spokane, designed the hotel and CLC Associates Inc., of Spokane Valley, is the civil engineer on the job.


Gustin Property Groups principals have completed more than 30 hotel, restaurant, residential, and office developments in the U.S. and Canada, the companys Web site says. Past and current projects include a Homewood Suites by Hilton, in Denver; River Terrace Inn, in Napa, Calif.; Hotel Indigo, in Houston; and Fremont Hotel, in Chicago, the Web site says.


Contact Emily Proffitt at (509) 344-1265 or via e-mail at [email protected].