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June 11, 2021

County pays $28M for Renton hotel

RENTON — As part of King County's previously announced and ongoing effort to buy up old hotels and motels to house the homeless, the Extended Stay America in Renton has sold for a bit over $28.2 million.

The county recorded the sale at 1150 Oakesdale Ave. S.W. last week. The seller was an LLC associated with Extended Stay, which acquired the land in 1997 for $2 million, then developed it.


 
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