Description

JLL's Hotels & Hospitality Group, as the sole and exclusive representative of the Seller, is pleased to offer for sale the fee simple interest in the 250-key Courtyard Seattle Downtown Lake Union (the "Hotel" or "Property") located in Seattle, Washington.

The Courtyard Seattle Downtown Lake Union is a fee simple, institutional-quality asset located in downtown Seattle's South Lake Union neighborhood, one of the city's most dynamic and high-growth submarkets. Situated in the heart of Seattle's fast-growing tech epicenter, the Property occupies an irreplaceable location just minutes from Amazon's world headquarters and a thriving hub of biotechnology companies. Following an $18 million comprehensive renovation in 2019, the Hotel presents investors with an excellent opportunity to acquire a premium-branded asset, in a high-growth Seattle submarket with tremendous upside. The Property is being offered with the potential to convert to a franchise, subject to Marriott approval, providing new ownership with complete operational flexibility to implement customized management strategies and maximize asset value.

The Property is being offered with the potential to convert to a franchise, subject to Marriott approval, providing new ownership with complete operational flexibility to implement customized management strategies and maximize asset value.

As confidentiality is important to the Seller, all inquiries, including any questions regarding this investment opportunity, due diligence information, and access to the Property, should be directly directed to the undersigned.

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