Partnership to Buy Hotel 1000

SEATTLE—Provenance Hotels, a hotel owner and operator based in Portland, OR, and Thayer Lodging Group, a privately-held hotel real estate investment company based in Maryland, have partnered to acquire the 120-room Hotel 1000 in downtown Seattle.

Provenance will operate the Forbes Four Star-rated Hotel 1000, adding it to a portfolio of owned and managed assets that includes the Forbes Four Star-rated Hotel Murano in Tacoma. With the addition of Hotel 1000, Provenance Hotels now operates two of the five Four Star rated hotels in Washington. Four Stars is the highest rating any hotels in the state have earned from Forbes Travel Guide, the publication that sets the gold standard for hospitality excellence.