{"id":1004260805,"date":"2018-08-29T06:47:12","date_gmt":"2018-08-29T14:47:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004260805"},"modified":"2022-12-08T16:25:59","modified_gmt":"2022-12-09T00:25:59","slug":"historic-downtown-seattle-hotel-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/historic-downtown-seattle-hotel-changes-hands\/","title":{"rendered":"Historic Downtown Seattle Hotel Changes Hands"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004260808\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004260808\" data-attachment-id=\"1004260808\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/historic-downtown-seattle-hotel-changes-hands\/kimpton-palladian-hotel-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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;1&quot;}\" data-image-title=\"Kimpton Palladian Hotel 1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg?w=800\" class=\"wp-image-1004260808 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg\" alt=\"Kimpton Palladian Hotel\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004260808\" class=\"wp-caption-text\">Kimpton Palladian Hotel<\/p><\/div>\n<p>GEM Real Estate Partners is the new owner of the Kimpton Palladian Hotel, a 97-key property in downtown Seattle. The company acquired the building as a complement to the boutique hotel that it is developing in South Lake Union.<\/p>\n<p>Located at 2000 Second Ave., Kimpton Palladian is close to the metro\u2019s famous Pike Place Market and Space Needle, as well as large employers such as Amazon and Nordstrom. The hotel includes a seafood restaurant, 1,100 square feet of meeting and event space, as well as a bar. Originally built as the Calhoun Hotel in 1910 on the site of the Denny Regrade, the hotel was placed on the National Register of Historic Places in 2013. Two years later, Kimpton Palladian Hotel became a luxury property following an extensive renovation.<\/p>\n<p><em>\u201cThis property aligns perfectly with our strategy of owning long-term assets in Seattle. We are also very excited to partner with Kimpton because they are the preeminent hotel operator, originator of the boutique segment, and have an exceptionally strong presence in Seattle with the Palladian as well as the Alexis, Vintage and Monaco hotels,\u201d<\/em> said GEM Real Estate Partners Founding Partner Erich Guenther, in a prepared statement.<\/p>\n<p>Kimpton operates hotels in several areas of the country. Recently, <a href=\"https:\/\/www.commercialsearch.com\/news\/diamondrock-grows-western-hotel-portfolio\/\">Kimpton Hotel Palomar traded for $80 million<\/a>. DiamondRock Hospitality Co. acquired the boutique hotel this spring.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GEM Real Estate has purchased Kimpton Palladian Hotel, a 1910-built property placed on the National Register of Historic Places. The 97-key luxury hotel includes 1,100 square feet of meeting space. <\/p>\n","protected":false},"author":238,"featured_media":1004260808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,21742,1610,15],"tags":[33361],"class_list":["post-1004260805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-latest","category-seattle","category-west","tag-kimpton-hotels-restaurants"],"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>Historic Downtown Seattle Hotel Changes Hands - 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\/historic-downtown-seattle-hotel-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Historic Downtown Seattle Hotel Changes Hands\" \/>\n<meta property=\"og:description\" content=\"GEM Real Estate has purchased Kimpton Palladian Hotel, a 1910-built property placed on the National Register of Historic Places. The 97-key luxury hotel includes 1,100 square feet of meeting space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/historic-downtown-seattle-hotel-changes-hands\/\" \/>\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=\"2018-08-29T14:47:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:25:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Kimpton-Palladian-Hotel-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\\\/historic-downtown-seattle-hotel-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/historic-downtown-seattle-hotel-changes-hands\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"Historic Downtown Seattle Hotel Changes Hands\",\"datePublished\":\"2018-08-29T14:47:12+00:00\",\"dateModified\":\"2022-12-09T00:25:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/historic-downtown-seattle-hotel-changes-hands\\\/\"},\"wordCount\":242,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/historic-downtown-seattle-hotel-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/08\\\/Kimpton-Palladian-Hotel-1.jpg\",\"keywords\":[\"Kimpton Hotels &amp; 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