{"id":1004067806,"date":"2013-02-25T22:55:45","date_gmt":"2013-02-26T06:55:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=104437"},"modified":"2022-12-07T06:15:43","modified_gmt":"2022-12-07T14:15:43","slug":"seattles-new-skyscraper-to-get-sls-branded-boutique-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\/","title":{"rendered":"Seattle\u2019s New Skyscraper to Get SLS-Branded Boutique Hotel"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\">Daniels Real Estate and Stockbridge Capital Group are developing the city\u2019s tallest skyscraper in two decades. Their massive $400 million project drew quite a bit of attention when first announced and is now set to get another run as it begins to fill its 43 floors with office and hospitality tenants.<\/p>\n<p class=\"MsoNormal\">The two companies handling the development process for the Phillipe Starck-designed high-rise recently announced that the SBE Entertainment-owned brand SLS will be opening its first Seattle location in the building.<\/p>\n<p class=\"MsoNormal\">The SLS Hotel Seattle will occupy floors <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/sls-seattle.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-104447\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/sls-seattle.jpg\" alt=\"\" width=\"180\" height=\"300\" \/><\/a>two through 15 and offer guests 184 rooms from which to choose\u2014all designed with its signature boutique style in mind. The hotel\u2019s amenities will include 20,000 square feet of meeting space, a spa, a fitness facilities and 30,000 square feet of food and beverage outlets.\u00a0Located at Fifth\u00a0and Columbia in the city\u2019s downtown area, the new skyscraper will begin construction during the fourth quarter of this year with a 2016 completion date in its sights. \u00a0<span>\u00a0<\/span><span>\u00a0<\/span><\/p>\n<p class=\"MsoNormal\">According to <em>Bloomberg Businessweek, <\/em>Seattle\u2019s hospitality market was among the frontrunners in the U.S., outpacing more established markets and recording increases in occupancy levels and nightly rates. Therefore, activity has ramped up in the sector, with brands such as SLS eager to get into the local market.<\/p>\n<p class=\"MsoNormal\">The skyscraper will also feature a generous offering of Class A office space, which in recent years has been the No. 1 driver of the Northwest\u2019s real estate market. Massive office property sales in 2012, spurred on by a substantial growth in the number of available jobs in the area, have skyrocketed the city of Seattle to fourth position in office sales last year, trailing only the usual suspects of New York, Los Angeles and San Francisco. Amazon, Starbucks and Boeing have had a positive influence on the commercial real estate market, with further growth in sight.<\/p>\n<p class=\"MsoNormal\">For a more in-depth take on this Seattle story, click <a href=\"https:\/\/www.commercialsearch.com\/news\/property-types\/hospitality\/stockbridge-sbe-daniels-jv-to-develop-400m-sls-hotel-seattle\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SLS Hotel Seattle will occupy floors 2 through 15, and offer guests 184 rooms to choose from, all designed with its signature boutique-style in mind. Located at 5th and Columbia in the city&rsquo;s downtown, the new skyscraper will begin construction during this year&rsquo;s Q4 with a 2016 completion date in its sights. The hotel&rsquo;s guest amenities will include 20,000 square feet of meeting space, a spa, fitness facilities, and 30,000 square feet of food and beverage outlets.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[1815],"class_list":["post-1004067806","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Seattle\u2019s New Skyscraper to Get SLS-Branded Boutique Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seattle\u2019s New Skyscraper to Get SLS-Branded Boutique Hotel\" \/>\n<meta property=\"og:description\" content=\"The SLS Hotel Seattle will occupy floors 2 through 15, and offer guests 184 rooms to choose from, all designed with its signature boutique-style in mind. Located at 5th and Columbia in the city&rsquo;s downtown, the new skyscraper will begin construction during this year&rsquo;s Q4 with a 2016 completion date in its sights. The hotel&rsquo;s guest amenities will include 20,000 square feet of meeting space, a spa, fitness facilities, and 30,000 square feet of food and beverage outlets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-26T06:55:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T14:15:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/sls-seattle.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Seattle\u2019s New Skyscraper to Get SLS-Branded Boutique Hotel\",\"datePublished\":\"2013-02-26T06:55:45+00:00\",\"dateModified\":\"2022-12-07T14:15:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/\"},\"wordCount\":331,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/02\\\/sls-seattle.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/seattles-new-skyscraper-to-get-sls-branded-boutique-hotel\\\/\",\"name\":\"Seattle\u2019s New Skyscraper to Get SLS-Branded Boutique Hotel - 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