Four years ago, Tacoma-based health care giant MultiCare purchased the Rockwood health clinic, Deaconess and Valley hospitals for $425 million. Worthy himself sold his Rock Pointe complex in 2005 for $82.8 million. Other comparable real estate transactions in the Inland Northwest indicate the Davenport sale would be one of the largest. KSL has announced it will keep the Davenport name at the hotels in Spokane, and that it would retain all employees of the hotel group. The sale price would also likely include the personal property inside the hotels and what’s known in the commercial real estate market as “goodwill,” which includes things like the brand name, reputation and future sales of a business, Black said. “I would guess it’s probably the biggest deal ever to go down in Spokane,” said Black, who was not involved in the sale of the Davenport properties. The deeds of sale received by the county auditor represent the amount paid for the real estate and may not reflect other payments KSL made, including for property or branding, Konis said.ĭave Black, chief executive officer and a principal at NAI Black, said it’s likely the total sale price for the hotels was at least double what’s recorded with the county. KSL Partners and the Worthys announced the sale earlier this month, but have not disclosed a total price. “We’ve never had anything like this,” he said Tuesday. The sale price is nearly double what the five hotels and the parking garage just to the west of the Davenport Tower had been assessed at for the 2022 tax year, said Tom Konis, Spokane County assessor. A Colorado-based private capital firm has paid more than $200 million for Walt Worthy’s six downtown hotel properties, including the historic Davenport and the new Davenport Grand.
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