Seattle, WA Real estate investment banking firm Sonnenblick-Eichner Co. arranged the sale of the 153-room Hampton Inn Southcenter in an all-cash transaction.
The property was sold to a Pacific Northwest-based investor and represents the last property in a portfolio of hotels that were financed and sold by Sonnenblick-Eichner Co. over a 20-year period for this client.
The Hampton Inn Seattle Southcenter is located four miles east of Seattle-Tacoma International Airport. The hotel benefits from corporate accounts including Boeing, American Express Travel, and Home Depot. The hotel is served by I-405 and I-5, providing access into downtown.
“This is an irreplaceable asset in a strong hotel market that continues to attract both business and leisure travelers,” said Sonnenblick-Eichner’s co-founder and principal, Elliot Eichner.
“This is the third hotel sale that Sonnenblick-Eichner Company represented the seller. The other hotels include the Dream Inn, Santa Cruz, California, and the Dupont Plaza Hotel in Washington, D.C.,” said Patrick Brown, also a principal of Sonnenblick-Eichner Co.