Hospitality
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...
Portland Shares Top Spot in Cushman & Wakefield’s Global Data Center Market Report
By Kate Snyder Despite challenges from the state of the overall economy, activity in the data center market continued its steady pace first...
Tutta Bella to Develop Hospitality Concepts at 457-Unit REN Apartment Building in Seattle
Recently Opened Luxury Rental Apartment Building REN to Serve as Home for Three Unique Food and Drink Experiences SEATTLE, Wash; Mar. 1, 2023...
CBRE’s US Real Estate Market Outlook for 2023: Optimistic Yet Uncertain Across Sectors
By Kate Snyder Despite the looming prospect of a moderate recession, experts were optimistic about the real estate market outlook for 2023 during...
319-Room Hilton Motif Seattle Debuts in the Heart of the Emerald City
SEATTLE– January 12, 2023 – Hilton (NYSE: HLT) today announced the opening of the 319-room Hilton Motif Seattle. The hotel, formerly Motif Seattle,...
123-Unit Hotel Andra Seattle Joins Accor in Franchise Agreement
SEATTLE, WA — 12/6/2022 — World leading hospitality group Accor today announced that Hotel Ändra Seattle will join the Group’s global portfolio as...