Investment Trust Buys Extended-Stay Hotel in Latest Sign of Greater Seattle’s Lodging Strength

Investment Trust Buys Extended-Stay Hotel in Latest Sign of Greater Seattle’s Lodging Strength Main Photo

1 Dec 2023


News

A New York company sold an extended-stay hotel near Seattle in the latest sign that investors remain attracted to the region, even as many buyers and sellers across the nation stay on the sidelines waiting out the turbulence in capital markets.

Lodging owner-operator MCR Corp. sold the 146-room Residence Inn by Marriott Seattle South/Renton at 1200 Lake Washington Blvd. N to Apple Hospitality REIT, based in Richmond, Virginia, the buyer said in a statement.

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