homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

September 7, 2023

More money for Harvest hotel

There are now three cranes over Harvest, the wine-themed, mixed-use project in Woodinville. It's proceeding in phases, with Wood Mountain as the lead developer and Columbia Pacific Advisors as the main financial backer. Now joining the hotel financing effort is Hall Structured Finance of Dallas. It recently announced its provision of $52 million for the 164-room Somm Hotel and Spa, which is now under construction. (The separate shops, apartments, condos and townhouses all have various overlapping parents.) Brian Holstein of US Hotel Advisors brokered the deal. Hall's Brian Mitchell said in a statement, “The hotel is ideally located for business travelers, business groups and conferences, while also offering high-end dining, retail and wine-tasting experiences for the leisure traveler.” The Somm team is lead by Woodinville Hotel Partners, whose Kent Halvorson added, “We are grateful for the innovative financial solution.” Alco Investment Co. is an equity partner in the hotel, later to be managed by Marriott. Jensen Design Architecture is the designer, and Sierra Construction the builder.




Email or user name:
Password:
 
Forgot password? Click here.