Hospitality
Pebblebrook Sells Hotel Vintage Seattle for $33.7MM
(EDITOR’S NOTE: According to public documents, the buyer of the property is Aliso Viejo, Calif.-based Pacifica Hotels. This purchase marks the company’s first...
WoodSpring Suites Looks to Develop a New Property in Central Tacoma
By The Registry Staff WoodSpring Suites, a prominent extended stay hotel chain, has recently submitted pre-construction documents outlining their plans to establish a...
Silver Cloud Sells 152-Room Hotel in Bellevue for $28MM
By Kate Snyder The Seattle area’s hospitality market continues its streak of sales activity with a Bellevue hotel trading hands in a recent...
Pebblebrook Hotel Trust Sells 189-Room Hotel Monaco in Seattle for $63.3MM
(Editor’s Note: According to an announcement from Pebblebrook, the sales price was $63.3 million, or approximately $334,920 per room.) Seattle – May 10th,...
91-Room Cambria Hotel Development in Spokane Secures $7.1MM in Construction Financing
By The Registry Staff Juniper Capital, a Seattle private money lender, has announced the closing of construction financing on a 91-key Cambria Hotel...
Harman Investment Group Buys 73-Unit La Quinta Inn in Everett for $10.2MM
By Kate Snyder A recent sale in Everett’s hospitality market shows that investors have no interest in abandoning the area. Another of the...
Simon Property Group to Spend $1.5B on Adding 2,000 Residential and Hotel Units Across US Portfolio
By Vladimir Bosanac The largest shopping mall operator in the United States, Simon Property Group, which oversees a portfolio of over 200 malls...
US Banks Worry Commercial Real Estate Valuations May Pose Broader Economic Consequences
By Vladimir Bosanac US banks are growing increasingly concerned about the drop in commercial property valuations and the possible risk to lenders’ balance...
Highgate Sells 155-Room La Quinta Inn in Tacoma for $19MM
By Kate Snyder Another hotel transaction was recorded in Tacoma, proving that investors are still interested in the city’s hospitality market. The 155-room...
Rockbridge, Aparium Hotel Group Acquire 151-Room Heathman Hotel in Portland for $45MM
(Editor’s Note: Public information shows that the seller was Pebblebrook Hotel Trust, which previously announced that the sales price for the Heathman was...
Sage Investment Group Buys 142-Room American Lodge in Tacoma for $11.5MM
By Kate Snyder A recent hotel deal is highlighting some signs of life in Tacoma’s hospitality market. In a recent sale, an American...
LIHI Purchase 83-Room Candlewood Suites in Lakewood for $20.2MM
(Editor’s note: Property records show that the seller was a family trust based in Federal Way.) LAKEWOOD, WA – The Low Income Housing...