SEATTLE—The pending sale of Hotel 1000,reported Tuesday in GlobeSt, is not the only blockbusterhotel deal to take place in Seattle recently.
The Seattle Times says the 310-room MotifHotel, a former Red Lion, in downtownSeattle sold late last week for $130.7 million, ornearly $410,000 a room. It was the highest price ever paid in themetro area, the paper says.
But that deal couple be eclipsed by that of Hotel 1000, which isexpected to bring $63 million or about $525,000 aroom, according to a report in The Wall StreetJournal.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
