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November 24, 2020
In two related transactions, PMF Investments of Bellevue has paid about $11.8 million for two Motel 6 properties in Kirkland and Issaquah. King County recorded the sales over the last few days. The seller was G6 Hospitality of Texas, the parent company to Motel 6. Both properties sold at a substantial discount. Brokers were not announced.
The Kirkland motel at 12010 120th Pl. N.E. sold for a bit over $6.3 million. The buyer of record was Old West 12010 LLC. The deal was worth about $51,480 per room key.
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