Hospitality
Chinese Developer Binjiang Offloads Seattle’s 142-Room Sound Hotel for $35MM
A Hangzhou Binjiang Real Estate Group affiliate has cashed out of the boutique hotel it helped build atop Belltown’s Arrivé tower, transferring the...
Everwild Nordic Spas Hunts Washington Sites, Targeting 80,000 SQFT Urban Buildings and 5-Acre Parcels
First Western Properties has been tapped to source Washington acquisition targets for Everwild Nordic Spas & Hotels, the Basecamp Resorts brand that is...
Seattle’s World Cup Spending Boost Outlasted Its Rivals, Bank of America Data Shows
Seattle stood apart among the 16 World Cup host cities as one of only two where small-business sales at hotels, bars and restaurants...
100-Room Western Inn in Lakewood Trades for $8.2MM
GDS 1 Group LLC has acquired the 100-room Western Inn in Lakewood for $8.2 million, adding an economy-segment property to the steady run...
Steinhauer Properties Refinances 209,000 SQFT Office and 282-Room Hotel for $107MM in Seattle
Steinhauer Properties refinances its 255 South King Street office and Embassy Suites hotel complex in Seattle for $107 million.
Daniels, STROM Group Plan $40MM Nordic Wellness Destination at Kenmore’s Lodge at St. Edward Park
Daniels Real Estate has enlisted Quebec’s STROM Group to convert a long-dormant pool building and meeting rooms at the historic Lodge at St....
Port of Anacortes Seeks Hotel Developer to Anchor Cap Sante Marina Waterfront Redevelopment
The Port of Anacortes has launched a search for a hotel developer to build the first-ever waterfront lodging at Cap Sante Marina, the...
Olive Branch Bakery Leads First Wave of Retail at Woodinville’s 164-Room Somm Hotel
Nearly ten months after the upscale Somm Hotel and Spa opened its doors in Woodinville, the wine-themed property is finally activating its ground-floor...
Seattle’s World Cup Payday Ran on Room Rates, Not Crowds, as the Retail Boom Stopped at a Few Blocks
Seattle’s month as a FIFA World Cup host generated record hotel revenue and record downtown foot traffic, but the underlying data shows a...
Lone Star Funds Wins Bid for Washington Holdings’ Assets in Portfolio Deal, Outbidding Brookfield and Hines
Dallas-based opportunistic investor clinches the Seattle platform’s entire real estate book in one of the largest captive-pension dispositions in recent memory. Lone Star...
Loan Delinquencies Surge in Commercial Real Estate Sectors at the End of 2023
The commercial real estate sector is currently navigating through turbulent financial conditions, evidenced by a significant rise in loan delinquencies. This worrying trend...
