23-20 Jackson Avenue
23-20 Jackson Ave, Long Island City, NY, 11101-4313, US
Asset 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 234-key SpringHill Suites Seattle Downtown South Lake Union (the "Hotel" or "Property") located in Seattle, Washington.
The SpringHill Suites Seattle Downtown South Lake Union, opened in 2001, is a fee simple, institutional-quality asset situated in downtown Seattle's growing South Lake Union submarket, Seattle's fast-growing tech epicenter. Situated just two blocks from Amazon offices and a thriving hub of biotechnology companies, the Property's strategic location capitalizes on the area's dynamic growth. The Hotel went through an $8.9 million comprehensive renovation in 2020, providing investors with an excellent opportunity to acquire a well-located premium-branded hotel in a high-growth Seattle submarket with tremendous upside. The Hotel is offered unencumbered by management and at a significant discount to replacement cost.
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Attributes
Keys
234
Year built
2001
Year renovated
2020
Media
Investment Highlights
- Irreplaceable Seattle, South Lake Union Location
- Within Walking Distance of the Largest Companies in Washington
- $8.9M Comprehensive Renovation Complete in 2020
- Strong Seattle Lodging Fundamentals
- Seattle Host City for FIFA World Cup in 2026
- Minutes from Recently Expanded Seattle Convention Center
- Premier Select-Service Hotel
- Industry Leading Brand Affiliation
- Significant Discount to Replacement Cost
- Unencumbered by Management
- Value-Add Opportunities
Contact brokers
SpringHill Suites Seattle Downtown South Lake Union (0 Properties)
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Last updated
10 Jun 2025
