First Financial Capital has successfully facilitated a $13 million financing package for the acquisition and renovation of a limited service hotel in Seattle, aimed at enhancing its value and guest experience.

Information on the Target

The target of this investment is a limited service hotel situated in the dynamic Seattle, Washington market. This particular hotel is poised for transformation through strategic renovations aimed at enhancing its appeal and functionality. The buyer, possessing extensive experience in the hospitality sector, plans to implement significant upgrades to the property to improve both its market competitiveness and overall guest experience.

In addition to renovations, the buyer intends to reflag the hotel under a recognized hospitality brand. This strategic move is expected to elevate the hotel's visibility and attract a broader clientele, ultimately contributing to a substantial increase in revenue and occupancy rates.

Industry Overview in Seattle

Seattle's hospitality industry has seen notable growth over the years, driven by its thriving economy, cultural attractions, and booming tech sectors. The city's robust tour