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June 7, 2021

In $52M deal, Loews sells Hotel 1000 at a big loss

By BRIAN MILLER
Real Estate Editor

Photo by Brian Miller [enlarge]
Only the hotel portion of the building sold, not the privately owned condominiums above.

Hotel 1000, at 1000 First Ave., has sold for over $52.2 million, according to King County records. The seller, via an LLC, was Loews Hotels, which acquired the lower hotel portion of the tower in 2016 for $83.5 million. That’s a roughly 37% drop in value.


 
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