Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites & avid Dual-Brand Development, a 100-key, five-story hotel to be built in the Seattle MSA. The planned project, located in the SeaTac/Tukwila area, will combine amenities such as avid's free breakfast and 24-hour coffee with Candlewood’s fully-equipped kitchens and free laundry facilities. The Tukwila/SeaTac submarket as a whole is a transportation-driven area centered on airport and highway access, making it a strong hub for logistics and industrial activity. The 0.91-acre site is ideally situated off Interstate 5 and just one mile from Seattle-Tacoma International Airport, which accommodated more than 52 million passengers in 2024. The region hosts a major Boeing spare parts facility and boasts a high concentration of hospitality, logistics, and aviation-related businesses, creating over 35,000 jobs. Alaska Airlines corporate headquarters is located nearby and features a newly opened training facility that will bring thousands of employees to the immediate area annually. The site is also located just nine miles to Downtown Seattle and its world-renowned tourist attractions. The Candlewood Suites & avid Dual-Brand Development represents the opportunity to acquire a well-located hotel site and develop an IHG-branded hotel in a strong market. The hotel will benefit from excellent brand recognition and a location in a high-traffic area ideal for the brand's target market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Seattle region.