{"id":1004167444,"date":"2017-02-24T02:39:36","date_gmt":"2017-02-24T10:39:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167444"},"modified":"2022-12-07T03:38:49","modified_gmt":"2022-12-07T11:38:49","slug":"hersha-acquires-79m-seattle-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hersha-acquires-79m-seattle-hotel\/","title":{"rendered":"Hersha Acquires Seattle Hotel for $79M"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004167449\" style=\"width: 334px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004167449\" data-attachment-id=\"1004167449\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hersha-acquires-79m-seattle-hotel\/pan-pacific-hotel-exterior-and-courtyard-entrance\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1487851219&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pan Pacific Hotel exterior and courtyard entrance\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pan Pacific Hotel exterior and courtyard entrance&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg?w=800\" class=\"wp-image-1004167449 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg\" alt=\"Pan Pacific Hotel exterior and courtyard entrance\" width=\"324\" height=\"243\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Pan-Pacific-Hotel-exterior-and-courtyard-entrance.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 324px) 100vw, 324px\" \/><\/a><p id=\"caption-attachment-1004167449\" class=\"wp-caption-text\">Pan Pacific Hotel exterior and courtyard entrance<\/p><\/div>\n<p><strong>Seattle<\/strong>\u2014Hersha Hospitality Trust announced the acquisition of the Pan Pacific Hotel in Seattle for $79 million. Hersha Hospitality Management will operate the hotel as an independent property.<\/p>\n<p>The Pan Pacific is part of the 2200 Westlake mixed-use project developed by Vulcan Inc. in 2006. Located at the corner of Denny Way and Westlake Avenue, the 153-key property offers a three-meal restaurant; 9,100 square feet of meeting space; an outdoor veranda; a fitness center with an indoor whirpool spa, locker rooms and sauna; a 24-hour business center and 60 parking spaces.\u00a0The hotel is within walking distance of attractions such as The Space Needle, The Museum of Pop Culture and Chihuly Garden and Glass.<\/p>\n<p>\u201cThe Pan Pacific Hotel was one of our most pioneering projects,\u201d said Ada Healey, vice president of Real Estate at Vulcan Inc., in prepared remarks. \u201cIt helped put South Lake Union on the map and was a key asset that helped attract numerous tenants and investment to the neighborhood.\u201d<\/p>\n<p><em>Image courtesy of Pan Pacific Hotel\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pan Pacific is part of the 2200 Westlake mixed-use project developed by Vulcan Inc. in 2006. <\/p>\n","protected":false},"author":746,"featured_media":1004167449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21742,1610,15],"tags":[34099,33052,34097,34098],"class_list":["post-1004167444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-latest","category-seattle","category-west","tag-ada-healey","tag-hersha-hospitality-trust","tag-pan-pacific-hotels-and-resorts","tag-vulcan-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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