Hospitality
Pinnacle Bellevue’s $145MM Investment: A Look at the Development’s Progress
The Pinnacle Bellevue development, a high-profile project in downtown Bellevue, remains in motion despite delays and changes in its timeline. Originating from a...
West77 Partners Secures $50MM Refinancing for Hilton Garden Inn Downtown Bellevue
PHOENIX, Nov. 5, 2024 – JLL Hotels & Hospitality Group announced today it has arranged the refinancing for the 254-key Hilton Garden Inn Seattle Bellevue Downtown. JLL...
Château Ste. Michelle Reveals Vision for Woodinville Estate Transformation
Château Ste. Michelle, Washington’s oldest winery, presented plans for a comprehensive, multi-year redevelopment of its historic Woodinville estate in a recent virtual community...
Low Income Housing Institute Acquires 128-Room Oasis Inn in Tacoma for $13.4MM
(Editor’s Note: Industry reports show that the sales price was $13.4 million, or approximately $104,687 per room.) TACOMA, WA – The Low Income...
Ohana’s $157MM Deal for Hyatt Regency Lake Washington in Renton Stalls Due to Investor Lawsuit
Several Seattle-based LLCs, which collectively own the Hyatt Regency Lake Washington, have filed for Chapter 11 bankruptcy in the United States Bankruptcy Court...
New Japanese Steakhouse Itadaki Yakiniku Opens at Bellevue Connection
A new culinary destination has emerged in Bellevue’s thriving restaurant scene. Itadaki Yakiniku, a Japanese steakhouse, has officially opened its doors at Bellevue...
Seattle City Council Approves Three-Year Modification for Design Review Process
By Kate Snyder Seattle’s design review process will see a more streamlined process for certain projects in the future. During a meeting on...
OYO to Acquire Motel 6 Parent Company from Blackstone Real Estate for $525MM
New Delhi & Dallas – September 20, 2024 – Oravel Stays, the parent company of the global travel technology company OYO, today announced...
Fed’s 50-Point Rate Cut: What It Means for Real Estate Investors and Consumers
Federal Open Market Committee Kicks Off Rate Reduction Cycle In a highly anticipated move, the Federal Open Market Committee (FOMC) slashed the federal...
New $60-80MM Everett Multipurpose Facility: A Future Home for AquaSox and Local Events
The City of Everett has embarked on an ambitious project to either update or replace Funko Field, the current home of the minor...
Silverstein Capital Takes Ownership of the Two-Tower Avenue Bellevue: What’s Next for the Luxury Development?
Fortress Development’s CEO, Andy Lakha, has transferred ownership of the billion-dollar Avenue Bellevue development located at 10300 NE 8th St. to an affiliate...
Blackstone Sells 180-Room Residence Inn by Marriott in Redmond for $34MM
By Kate Snyder Another hotel property in the Puget Sound region has traded hands, this time in Redmond. The buyer was an entity...
