Hospitality
Downtown Seattle Hotels Hit 108% of 2019 Demand as Office Foot Traffic Stalls at 62%
The Downtown Seattle Association's latest monthly dashboard shows September hotel demand and visitor counts running ahead of 2019 levels while weekday office attendance...
Kauri Investments Lands $30.8MM Refinancing for 172-Key Hyatt House Seattle/Downtown
The five-year floating-rate loan, paired with a custom interest-rate hedge, comes as the Seattle developer finishes a major renovation of the 2015-built extended-stay...
Vesta Hospitality Refinances 150-Key AC Hotel Vancouver Waterfront
Vesta Hospitality has lined up new debt on the 150-key AC Hotel Vancouver Waterfront, the property that opened the Port of Vancouver USA's...
Pebblebrook Hotel Trust Sells 174-Room The Hotel Zags in Downtown Portland for $10MM
Pebblebrook Hotel Trust has sold a money-losing boutique hotel in downtown Portland for about $57,500 per room. The deal shows how far downtown...
Washington Wage Floor Hits $17.73 in 2027 as Seattle Climbs to $22.14, Raising the Bill for Retail and Hospitality Tenants
Washington's statewide wage floor climbs to $17.73 an hour on Jan. 1, while Seattle moves to $22.14 and a sharply higher overtime-exempt salary...
Kabani Hotel Group CEO Urges Owners to Tighten Risk Controls as 7% Debt, AI and Insurance Costs Mount
Kabani Hotel Group founder Ahmed Kabani is urging hotel owners to tighten risk controls while markets still feel calm, and his seven-point checklist,...
Former Spokane Quality Inn Used by Thrive International for Refugee Housing Hits the Market After Receivership
The downtown Spokane hotel that Thrive International converted into transitional housing for refugees and homeless residents is on the market after a court...
Downtown Seattle Draws Nearly 3.8MM Visitors in August, Topping 2019 as Office Return Holds at 62%
Nearly 3.8 million unique visitors and 9.2 million total visits flowed into downtown Seattle in August, pushing tourism, hotel demand and residential occupancy...
Wright Hotels Lists 170-Acre Semiahmoo Resort in Blaine for $27.5MM
A Seattle ownership group that rescued a shuttered waterfront resort near the Canadian border 13 years ago is now testing whether the market...
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...
