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November 26, 2021

Kasa comes to town

Extended-stay operator Stay Alfred, of Spokane, folded during the pandemic — as did many others in that space. Among its portfolio of temporarily shuttered hotels was The Oxford, at 1920 First Ave., near Pike Place Market. This month Kasa announced that The Oxford and three other hotels in other markets were now in its portfolio. The six-story building has been owned by local investors for over two decades; its 49 apartments were flipped to hotel rooms two years ago. The ground-floor retail space is also leased to Design Within Reach. The building dates to 1909, and originally operated as a hotel until 1971. Five-year-old Kasa, a privately held startup, now operates in over 35 cities in four countries; it doesn't detail the number of rooms it manages. It's led by Roman Pedan, with headquarters in San Francisco. In a similar nearby deal, Mint House announce last month that it would flip the Atwood entirely to extended-stay units; the previous operator there was Barsala.

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