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July 7, 2005

Colliers International Hotels

Colliers International Hotels represented the Seattle-area buyers of the Coast Hotel in Bellevue and Deer Harbor Resort on Orcas Island. Public records indicate Belco and the Benaroya Co.'s Kent Central LLC sold the 175-room Coast for $10.3 million to Gold Trust LLC. Trendwest Resorts, a subsidiary of Cendant International, bought the Orcas property; terms were not immediately available. The Coast will continue to operate as a Coast property, but the new owners have sought help from The Chambers Group, a Seattle hotel management company. Trendwest Resorts, a subsidiary of Cendant International, bought the Orcas property. Deer Harbor will operate as hotel through the summer but Trendwest officials expect to incorporate it into their timeshare program after renovations later this year. Chris Burdett, senior VP of Colliers, says Colliers International Hotels completed just over $45 million in sales around the Northwest in 2004 and is well on its way to surpassing that number in 2005.




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