{"id":1004136604,"date":"2016-02-10T04:01:37","date_gmt":"2016-02-10T12:01:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136604"},"modified":"2022-03-04T13:49:20","modified_gmt":"2022-03-04T21:49:20","slug":"downtown-seattle-hotel-acquired-by-moody-national-reit-ii","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-hotel-acquired-by-moody-national-reit-ii\/","title":{"rendered":"Downtown Seattle Hotel Acquired by Moody National REIT II"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Seattle <\/strong>\u2013 The Marriott Springhill Suites Hotel<\/a> is under brand new ownership. Buyer Moody National REIT II<\/a> paid $74.1 million to acquire the Seattle facility, thereby establishing a gateway into downtown Seattle.<\/p>\n

\"Marriott<\/a>

Marriott Springhill Suites Hotel<\/p><\/div>\n

Located at 1800 Yale Ave., the facility is roughly a mile away from the Space Needle, and offers close proximity to the area\u2019s major transportation routes. The 234-key facility offers residents free high speed internet, a gym, kitchen\/kitchenette facilities, and free breakfast service.<\/p>\n

According to Moody National REIT II CEO and Chairman Brett Moody, \u201cthe investment presents itself as an attractive addition to our portfolio.\u201d With major employers such as Amazon, Nordstrom, Starbucks, and Microsoft, the facility presents the new owner with great positioning.<\/p>\n

In October 2015, Moody National REIT II completed the acquisition of another Marriott-branded hospitality facility, the Marriott Residence Inn Austin-University, which was purchased for $25.5 million.<\/p>\n

Image courtesy of Marriott<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Moody further expands its hotel holdings with the acquisition of the Marriott Springhill Suites in downtown Seattle.<\/p>\n","protected":false},"author":41,"featured_media":1004136614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,21742,1610,15],"tags":[],"class_list":["post-1004136604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-latest","category-seattle","category-west"],"acf":[],"yoast_head":"\nDowntown Seattle Hotel Acquired by Moody National REIT II - 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\/downtown-seattle-hotel-acquired-by-moody-national-reit-ii\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Downtown Seattle Hotel Acquired by Moody National REIT II\" \/>\n<meta property=\"og:description\" content=\"Moody further expands its hotel holdings with the acquisition of the Marriott Springhill Suites in downtown Seattle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-hotel-acquired-by-moody-national-reit-ii\/\" \/>\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=\"2016-02-10T12:01:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T21:49:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/Springhill-Suites-Seattle.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"610\" \/>\n\t<meta property=\"og:image:height\" content=\"423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-hotel-acquired-by-moody-national-reit-ii\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/downtown-seattle-hotel-acquired-by-moody-national-reit-ii\/\",\"name\":\"Downtown Seattle Hotel Acquired by Moody National REIT II - 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