Apartments Sold on Greyhound Station Block to Become Mega Hotel

Last week there were some notable commercial sales in and around Seattle, including one in the Denny Triangle that is staged to make way for a Mega Hotel downtown!

According to the Puget Sound Business Journal, Seattle based R.C. Hedreen Co. purchased two high rise apartment buildings on the same block as the Greyhound bus terminal for $7 million, and they have plans to build a 1,200 room hotel. Hedreen hopesĀ  to get traffic from the convention center, and has since met with city officials to discuss early design guidance, and a possible office tower could be constructed on 8th and 9th Streets along Howell & Stewart. For more information on this project, follow the Puget Sound Business Journal.

Apartments Sold on Greyhound Station Block to Become Mega Hotel

Last week there were some notable commercial sales in and around Seattle, including one in the Denny Triangle that is staged to make way for a Mega Hotel downtown!

According to the Puget Sound Business Journal, Seattle based R.C. Hedreen Co. purchased two high rise apartment buildings on the same block as the Greyhound bus terminal for $7 million, and they have plans to build a 1,200 room hotel. Hedreen hopesĀ  to get traffic from the convention center, and has since met with city officials to discuss early design guidance, and a possible office tower could be constructed on 8th and 9th Streets along Howell & Stewart. For more information on this project, follow the Puget Sound Business Journal.

Influx of Hotels Planned for Downtown Seattle

The Downtown Seattle metro area has not seen any hotels break ground in the past two years, and there are no current plans for any to go under construction in the next upcoming months. But according to the Seattle Times, all that might change this year, with current hotels having successful bookings, with little trouble filling rooms, and they’re able to have consistently higher rates. Developers are feeling more confident with those statistics in place, and are moving forward by proposing more hotels pop up in the downtown area.

Downtown Seattle Sheraton, photo courtesy of destination360.com

According to the Times, one of those proposals includes a hotel with 1,200+ rooms, which is larger than any hotel in the area except for the Seattle Sheraton hotel. If all of the projects presented were to be built, the Seattle hotel industry would increase by more than 15%! Developers like Touchstone, Kauri, and Daniels Development among others all have projects in various stages of planning for construction, and Seattleites looking for hotel living should keep an eye out for upcoming hotel projects that have apartment rentals planned into the space as well. For more information on upcoming projects in the Downtown Seattle area, visit the Seattle Times.