Seattle – (January 31, 2017) – Mortenson Construction this week marked the topping out of the 15-story, 302-room Residence Inn by Marriott at 924 Howell Street downtown with the placing of the final concrete slab.
Developed by Denver’s Stonebridge Companies, the Residence Inn by Marriott’s completion in fall of 2017 will signal the start of a historic hotel boom in Seattle. The hotel is the second-largest in Seattle’s three-year hotel pipeline, a period that may see more than 5,000 new rooms come online, according to recent data from the Downtown Seattle Association (DSA).
By comparison, the DSA counts just 2,700 rooms added from 2005 through 2016. With among the highest occupancy rates in the nation – more than 93 percent of all downtown Seattle hotel rooms are occupied on a given evening, with average room rates outpacing those of San Francisco – hotels will soon be built at a frenzied pace.
“More business travelers than ever are making their way through Seattle, and the city’s tourism industry is expanding, squeezing an already-constrained supply of hotel rooms,” said Mortenson Construction vice president and general manager John Nowoj. “We’re proud to partner with Stonebridge Companies to deliver a comfortable, convenient hospitality experience in one of the city’s fastest-growing neighborhoods.”
Stonebridge Companies’ Residence Inn by Marriott is situated in Denny Triangle, an area evolving into a hub for high-profile office, residential, retail and hotel projects. Adjacent to the Washington State Convention Center, the hotel will include a 7,000 square-foot conference center as well as a fitness center and three levels of below-grade parking. Each room will include a kitchenette and work area for extended-stay travelers.
“Now more than ever, given the boom and shortage of skilled labor, it’s critically important that the developer, construction team and design partners operate as one unified team, adopting a true partnership approach. We have that here.” said Mortenson’s Phil Greany, who the company’s Hospitality Market. “It’s simple, if your team cannot establish an ‘in it together’ approach, you will fail.”
The project team includes architecture firm Weber Thompson, Denver-based interior design company Design Force, Johnson Braund and DCI Engineers. The mechanical, electrical and plumbing design-build team is composed of Valley Electric (electrical, fire alarm and low-voltage systems) and Auburn Mechanical (HVAC, plumbing, controls).
Mortenson is among the most active builders in the booming Denny Triangle neighborhood. Along with Hudson Pacific Properties’ Hill7 office building and Touchstone’s adjoining 222-room Hilton Garden Inn completed in 2015, Mortenson is currently building AMLI Residential and Mortenson Development’s 41-story AMLI Arc apartment tower, and the 11-story Tilt49 office project developed by Touchstone and Principal Real Estate Investors.
Since 1982, Mortenson Construction has provided diversified construction services offering customer-centric general contracting, construction management, design-build, program management, project development and “turn-key” development in Seattle. Mortenson has built over 250 projects valued at more than $4 billion. Clients include: Alaska Airlines, Boeing, City of Seattle, City of Tacoma, Group Health, Microsoft, Providence Hospital, Snohomish County, Tulalip Tribes, the University of Washington, among others. For more information, please visit http://www.mortenson.com/.
About Stonebridge Companies
Founded in 1991 by Navin C. Dimond, Stonebridge Companies is a privately owned, innovative hotel owner, operator and developer headquartered near Denver, Colorado. The diverse portfolio of properties includes select-service, extended-stay, mid-scale and full-service hotels in markets throughout the U.S. For detailed information, visit http://www.sbcos.com.