SEATTLE—The pending sale of Hotel 1000, reported Tuesday in GlobeSt, is not the only blockbuster hotel deal to take place in Seattle recently.
The Seattle Times says the 310-room Motif Hotel, a former Red Lion, in downtown Seattle sold late last week for $130.7 million, or nearly $410,000 a room. It was the highest price ever paid in the metro area, the paper says.
But that deal couple be eclipsed by that of Hotel 1000, which is expected to bring $63 million or about $525,000 a room, according to a report in The Wall Street Journal.
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