Hospitality
Kaylan Hospitality Sells 154-Room Hilton Garden Inn in Lynnwood for $31.8MM 
By Catherine Sweeney Following a long pause in travel during the onset of the COVID-19 pandemic, hospitality properties across the Puget Sound have...
384-Room Seattle Marriott Bellevue Part of Brookfield’s $3.8B Hotel Deal with Watermark Lodging
EDITOR’S NOTE: The West Coast properties acquired in the transaction include the following hotels:Seattle Marriott Bellevue – 384 roomsFairmont Sonoma Mission Inn &...
Snohomish Country Sports Commission Begins RFI Process for Development of Sports Complex
Snohomish County, Washington – Snohomish County Sports Commission has hired JLL’s Hotels & Hospitality Group’s Tourism and Destination Advisory Team to help in the...
iStar, Prospect Ridge, Execute Redmond Ground Lease for $28.5MM
By Meghan Hall As the commercial real estate industry has taken off, investors are continuing to look for creative ways to leverage their...
Peachtree Increases Footprint with Acquisition of Seven Hotels, Including Two Oregon Assets, for $135MM
ALANTA–Peachtree Hotel Group (“Peachtree”) continues to capitalize on the hotel industry’s recovery by acquiring seven premium-branded hotels for approximately $135 million. The acquisitions,...
Auburn, Wash., Holiday Inn Express Sells for $23.5MM
By Meghan Hall A Holiday Inn Express and Suites has sold in the Seattle suburb of Auburn, Wash. According to documents on file...
Proposed 14-Story Hotel in Seattle Clears Early Design Review–After Board Alters Vote
By Meghan Hall The earliest stages of design review are meant to give a general overview of what a new project could look...
In First, $19MMM of C-Pace Financing Closed for Historic Lodge at St. Edward State Park in Kenmore, Wash.
Inaugural King County C-PACER funding secures long-term, low-interest funding to bolster Daniels Real Estate’s transformation of the former seminary into a high-end Lodge...
Reno Seeks to Purchase Motels as Affordable Housing Instead of Letting Developers Demolish Them
The mayor of Reno did little to stop the razing of motels that housed low-income residents or to replace lost units. Following a...
Sonnenblick-Eichner Company Arranges $39MM Interim Leasehold First Mortgage Financing for Downtown Hotel in Portland
Beverly Hills, CA — Sonnenblick-Eichner Company has arranged $39 million of non-recourse interim leasehold first mortgage financing for Moxy Portland Downtown, a 197-room...
Apple Hospitality REIT Acquires Pearl District Hotel in Portland for $75MM
RICHMOND, Va.–Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of a portfolio of three hotels for...
PropTech: Prescient Leverages Replicability of Hospitality and Multifamily Development to Create Efficiencies in Construction
By Meghan Hall As construction costs continue to rise, new tech is evolving in an effort to streamline processes and budgets. At Prescient,...