Hospitality
InterContinental Bellevue at The Avenue to Open in October with 208 Rooms, 365 Condominiums
BOSTON, MA and THE WOODLANDS, TX / May 22, 2023 / Benchmark Resorts & Hotels, the independent lifestyle division of Pyramid Global Hospitality,...
CNBC: Marcus & Millichap’s CEO Hessam Nadji Sees Delinquencies in Office Continuing to Rise
Hessam Nadji, president and CEO of Marcus & Millichap, and Tim Seymour, Seymour Asset Management CIO, join ‘Power Lunch’ to discuss a pullback...
35-Story Ritz-Carlton Tower in Portland to Open August 15
By The Registry Staff BPM Real Estate Group announced that the 35-story Ritz-Carlton tower in downtown Portland will open its doors on August...
Hotel Construction Slows as Lending Dries Up for Projects Across the Country
By The Registry Staff Tougher lending standards imposed by regional banks are creating obstacles for hotel developers in the United States, making it...
Simon Breaks Ground on 167-Room Residence Inn by Marriott as Part of Northgate Station Development in Seattle
SEATTLE, May 31, 2023 — Simon®, a global leader in premier shopping, dining, entertainment and mixed-use destinations, today announced construction has commenced on...
120-Room Carbon-Positive Hotel Westland by Urban Villages to Open Summer 2024 in Seattle
SEATTLE (May 30, 2023) – Urban Villages, a leading real estate developer and environmental steward, is pleased to announce the summer 2024 opening...
Mirae’s US Real Estate Fund Facing Termination As a Result of Declining Values Across the Sector
By The Registry Staff Mirae Asset Global Investments Co., a leading South Korean financial firm, has faced significant losses in its private fund...
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...