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Hotel-Motel

Ramada Kent Seattle Area

22318 84th Ave S, Kent, WA 98032

Listing Price: $13,500,000

Number of Rooms
125
RevPAR
$51
Gross SF
145,280
Price/Room
$108,000
Price/Gross SF
$92.92
Year Built
1987

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ramada Kent Seattle Area, a three-story 125-room hotel located in Kent, Washington. The property is located just south of Seattle, 1 mile from the accesso ShoWare Center, a 6,500-seat arena that hosts hockey games, concerts and other events. This asset is ideally located off of State Route 167 and benefits from a strong business and leisure market with many notable employers. Home to three ports located on the Puget Sound, the Seattle market offers a sizable international trade industry. The hotel also benefits from a strong, growing economy and a highly educated workforce in the area. The Ramada Kent Seattle Area represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Investment Highlights

  • Minimal PIP
  • Onsite Restaurant
  • Located in the Seattle Metropolitan Statistical Area (MSA)
  • The Seattle Market Benefits from Corporate and Leisure Demand
  • Nearby Attractions Including Accesso Showare Center, Pacific Raceways and Highline Seatac Botanical Gardens

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Hotel-Motel

Ramada Kent Seattle Area

Listing Price: $13,500,000

Number of Rooms
125
RevPAR
$51
Gross SF
145,280
Price/Room
$108,000
Price/Gross SF
$92.92
Year Built
1987

Investment Highlights

  • Minimal PIP
  • Onsite Restaurant
  • Located in the Seattle Metropolitan Statistical Area (MSA)
  • The Seattle Market Benefits from Corporate and Leisure Demand
  • Nearby Attractions Including Accesso Showare Center, Pacific Raceways and Highline Seatac Botanical Gardens

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ramada Kent Seattle Area, a three-story 125-room hotel located in Kent, Washington. The property is located just south of Seattle, 1 mile from the accesso ShoWare Center, a 6,500-seat arena that hosts hockey games, concerts and other events. This asset is ideally located off of State Route 167 and benefits from a strong business and leisure market with many notable employers. Home to three ports located on the Puget Sound, the Seattle market offers a sizable international trade industry. The hotel also benefits from a strong, growing economy and a highly educated workforce in the area. The Ramada Kent Seattle Area represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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