Hotel-Motel

Red Lion Inn & Suites Kent Seattle

25100 74th Ave S, Kent, WA 98032

Listing Price: $7,500,000

Cap Rate
6.84%
Number of Rooms
60
RevPAR
$50
Gross SF
34,577
Price/Room
$125,000
RRM
6.71
Price/Gross SF
$216.91
Year Built
1998

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Lion Inn & Suites Kent Seattle, a three-story 60-room hotel located in Kent, Washington. The property is located just south of Seattle, 1 mile from the ShoWare Center, a 6,500-seat arena that hosts hockey games, concerts and other events. This asset is ideally located off of State Routes 167 & 516 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 Red Lion Inn & Suites Kent Seattle represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area. This property can convert to a SureStay Plus by Best Western with no conversion PIP and will be on the Best Western reservation system. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Investment Highlights

  • Recently Renovated in 2019
  • Minimal PIP
  • Several Nearby Employers Including Alaska Airlines, Boeing and Columbia Distributing
  • Nearby Attractions: ShoWare Center, Pacific Raceways, Highline Gardens and More
  • 5 Miles to MultiCare Auburn Medical Center and Valley Medical Center
  • 10 Miles to Seattle-Tacoma International Airport | 51M+ Passengers in 2019

Exclusively Listed By

Broker of Record

  • Joel Deis

    Vice President / Regional Manager

    License(s): WA: 25469

    Washington

Hotel-Motel

Red Lion Inn & Suites Kent Seattle

Listing Price: $7,500,000

Cap Rate
6.84%
Number of Rooms
60
RevPAR
$50
Gross SF
34,577
Price/Room
$125,000
RRM
6.71
Price/Gross SF
$216.91
Year Built
1998

Investment Highlights

  • Recently Renovated in 2019
  • Minimal PIP
  • Several Nearby Employers Including Alaska Airlines, Boeing and Columbia Distributing
  • Nearby Attractions: ShoWare Center, Pacific Raceways, Highline Gardens and More
  • 5 Miles to MultiCare Auburn Medical Center and Valley Medical Center
  • 10 Miles to Seattle-Tacoma International Airport | 51M+ Passengers in 2019

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Red Lion Inn & Suites Kent Seattle, a three-story 60-room hotel located in Kent, Washington. The property is located just south of Seattle, 1 mile from the ShoWare Center, a 6,500-seat arena that hosts hockey games, concerts and other events. This asset is ideally located off of State Routes 167 & 516 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 Red Lion Inn & Suites Kent Seattle represents the opportunity to acquire a branded hotel in the desirable Seattle metropolitan area. This property can convert to a SureStay Plus by Best Western with no conversion PIP and will be on the Best Western reservation system. 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

    Vice President / Regional Manager

    License(s): WA: 25469

    Washington

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