SEATTLE-Stonebridge Cos., an Englewood, Colorado-based company operating 42 hotels in the US, is acquiring the Seattle Hilton Hotel from R.C. Hedreen Co. for roughly $60 million. The property situated at 1301 Sixth Avenue was listed for sale early this year by R.C. Hedreen to secure financing to acquire a property in Seattle. Stonebridge intends to run the hotel under the Hilton brand.
In 2011, the Chesapeake Lodging Trust purchased the Homewood Suites situated close to the Washington State Convention Center from Stonebridge. For the full story, go to Puget Sound Business Journal .
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