We report the fabrication and characterization of a Ti$^{4+}$:Tm$^{3+}$:LiNbO$_3$ optical waveguide in view of photon-echo quantum memory applications. In particular, we investigated room- and cryogenic-temperature properties via absorption, spectral hole burning, photon echo, and Stark spectroscopy. We found radiative lifetimes of 82 $mu$s and 2.4 ms for the $^3$H$_4$ and $^3$F$_4$ levels, respectively, and a 44% branching ratio from the $^3$H$_{4}$ to the $^3$F$_4$ level. We also measured an optical coherence time of 1.6 $mu$s for the $^3$H$_6leftrightarrow{}^3$H$_4$, 795 nm wavelength transition, and investigated the limitation of spectral diffusion to spectral hole burning. Upon application of magnetic fields of a few hundred Gauss, we observed persistent spectral holes with lifetimes up to seconds. Furthermore, we measured a linear Stark shift of 25 kHz$cdot$cm/V. Our results are promising for integrated, electro-optical, waveguide quantum memory for photons.
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