homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

February 27, 2025

JLL finds $29M for Uptown hotel refi

Developed in 2008, the 139-room Maxwell is a well-established presence in Uptown, and very convenient to Seattle Center. It's part of the Staypineapple group. Now JLL has announced a successful $29.5 million refinancing effort for the Maxwell ownership, which is related to the Diamond family (of Diamond Parking). Idaho Credit Union supplied the 10-year, fixed-rate loan. Jessica Mehra and Adrienne Andrews led the effort. The latter said in a statement, “We received robust interest from lenders drawn to the property's consistent performance and Seattle's resilient lodging market fundamentals. The credit union proved to be the ideal financing partner, offering certainty of execution and flexible terms that aligned with the sponsor's objectives.” Dina Belon of Staypineapple added, “Staypineapple, a hotel brand with 10 boutique properties throughout the U.S., is growing, and we wanted a lender that saw us as a business partner.”




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