Hotel-Motel
Auction - Quality Inn Seattle – $998K NOI | 80 Rooms
1711 W Meeker St, Kent, WA 98032
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Kent Seattle, an 80-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 Routes 516/167 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 Quality Inn Kent Seattle represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the Seattle-Tacoma region.
The property is going to auction - December 4, 2023. Please see Listing Agents for details.
Auction - Quality Inn Seattle – $998K NOI | 80 Rooms
Investment Highlights
- STARTING BID $2,500,000 | $998K NOI | 80 Rooms | AUCTION DECEMBER 4-6, 2023
- Franchised, Two-Story, 80-Room Hotel Located on a Large 1.29-Acre Lot
- Located in the Seattle MSA Benefitting from Both Corporate and Leisure Demand
- Well-Located off State Routes 516/167 with Direct Access to I-5 and 24,904 vehicles passing the site daily
- 6 Miles to Sea-Tac Int'l Airport (45M+ Passengers in 2022)
- Nearby Attractions include accesso ShoWare Center, Emerald Downs, Pacific Raceways, and Highline Seatac Botanical Gardens
Exclusively Listed By
Broker of Record
Financing By
Listing Price: Request For Offer
Investment Highlights
- STARTING BID $2,500,000 | $998K NOI | 80 Rooms | AUCTION DECEMBER 4-6, 2023
- Franchised, Two-Story, 80-Room Hotel Located on a Large 1.29-Acre Lot
- Located in the Seattle MSA Benefitting from Both Corporate and Leisure Demand
- Well-Located off State Routes 516/167 with Direct Access to I-5 and 24,904 vehicles passing the site daily
- 6 Miles to Sea-Tac Int'l Airport (45M+ Passengers in 2022)
- Nearby Attractions include accesso ShoWare Center, Emerald Downs, Pacific Raceways, and Highline Seatac Botanical Gardens
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Kent Seattle, an 80-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 Routes 516/167 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 Quality Inn Kent Seattle represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area near several demand drivers. Our Pro Forma analysis assumes continued modest RevPAR growth over the next several years supported by the increasing population and demand growth in the Seattle-Tacoma region. The property is going to auction - December 4, 2023. Please see Listing Agents for details.
Exclusively Listed By
Broker of Record
Financing By
