Hospitality
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...
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...
