153-Room Hampton Inn Southcenter Hotel in Seattle Sells for $17MM

(EDITOR’S NOTE: According to public documents, the transaction closed for $17 million at 9 percent cap rate, or $111,111 per room. The buyer was West Valley Hospitality, LLC, which is associated Chris Burdett, CBRE Seattle's senior vice president of its hotel investment properties group. Burdett is the general partner and asset manager, while Monroe, LA-based […]