homeWelcome, sign in or click here to subscribe.login



Real Estate

print  email to a friend  reprints add to mydjc  

November 19, 2019

Firm withdraws Burien hotel plan

BURIEN — Hotel Concepts has withdrawn from a hotel and housing project it proposed on a 1.3-acre city-owned parcel adjacent to Burien Transit Center, the city said.

In September 2018, the city issued a request for proposals for hotel development on the property, and selected Hotel Concepts as the preferred developer. Its proposal included construction of a 140-room hotel and about 100 apartment units.

However, as the city and Hotel Concepts worked to move the project forward, it became apparent that market conditions in the hotel sector made the development concept financially unfeasible, the city said in a press release.

Sultan Ramzanalli of Hotel Concepts said: “Due to the new supply coming into Greater Seattle area and current cost of construction, we feel this is not the time to proceed with this development.”

The city said it will reassess options for the site, and continue to work with developers to bring a quality hotel to Burien.

Chris Craig, Burien's economic development manager, said: “While it is disappointing this particular project is not moving forward, we have an active pipeline of commercial developers with interest in Burien.”

Hotel Concepts offered $1.65 million for the site on Southwest 150th Street, between First and Fourth avenues. The firm has developed real estate in the Northwest for 25 years.

Email or user name:
Forgot password? Click here.