Dicker purchases historic Montvale Hotel
The historic 36-room Montvale Hotel in downtown Spokane has joined Jerry Dicker’s growing portfolio of boutique hotels and restaurants.
Ruby Hospitality, the Spokane developer’s company, paid $2.3 million in a foreclosure sale last month for the 116-year-old building at West First Avenue and Monroe Street, in the entertainment district across the street from the Martin Woldson Theater at the Fox.
Dicker said he plans to renovate the Montvale, expand the lobby, add a coffee shop and reopen a restaurant in the old Catacombs Pub space in the basement. He will keep the Montvale name.
“We just really like it as a place,” Dicker said Monday. “Even in its present condition, it’s very charming.”
The three-story Montvale will remain open during the extensive remodeling work, which could span one to two years and cost as much as $1 million, Dicker said. It will include restoring the original skylights and the decor and furnishings in the common areas and rooms, Dicker said. Guest rooms likely will be refurbished one by one, and all mechanical systems will be repaired.
The lobby will be expanded into corner retail space and will include a coffee shop for hotel guests and the public. Scratch Restaurant and Rain Lounge probably will remain tenants on the first floor of the Montvale, Dicker said.
Read on at the Spokane Spokesman-Review