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June 27, 2022

Extended-stay hotel sells for almost $60M, will flip to apartments

Real Estate Editor

Photo by Homewood Suites by Hilton [enlarge]
The hotel is just uphill from the convention center and I-5.

A Homewood Suites by Hilton, at 1011 Pike St., sold last week for a little over $59.9 million, according to King County records. That's allowing for an over $20 million personal property deduction, from the $80 million topline figure, since the deal includes all the hotel's contents.

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