The Ridpath Hotel Is Still Up For Grabs - Spokane, North Idaho News & Weather KHQ.com

The Ridpath Hotel Is Still Up For Grabs

SPOKANE, Wash. - The Ridpath Hotel is still up for grabs! The top two floors of the Ridpath went up for auction Friday but no one bid on the iconic Spokane landmark.

Thanks to a complicated ownership scheme that includes at least six investors who own parts of the building, the building has fallen into disrepair.

The property is now under ownership of Riverbank. The bank will now attempt to find an owner for the property.

An investor at the auction today says the bank owning the property is actually a good thing because it frees them up to work directly with a potential buyer.

The Ridpath Hotel is still under a no-occupancy order issued by the city of Spokane who will not let the structure be occupied until the fire suppression system is fixed. Owners have until January 20th to respond.

 
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