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US hotel deals: Marriott Seattle Waterfront sells for $145 million

Sunseeker Resort Charlotte Harbor bought by Blackstone Real Estate
Braemar Hotels & Resorts is selling the Marriott Seattle Waterfront for $145 million to an undisclosed buyer. (CoStar)
Braemar Hotels & Resorts is selling the Marriott Seattle Waterfront for $145 million to an undisclosed buyer. (CoStar)
CoStar News
July 15, 2025 | 12:46 P.M.

This roundup features the latest hotel transactions in the U.S. hotel industry.

Rooms: 369
Location: Seattle
Price, including debt: $145 million
Price per room: $393,000
Buyer: N/A
Seller: Braemar Hotels & Resorts
Date of transaction: July 8, 2025
Takeaway: The price includes anticipated capital expenditures of $7 million, and it also represents an 8.1% capitalization rate on the property's net operating income for the trailing 12 months ending May 31.

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1 Min Read
July 09, 2025 10:35 AM
Braemar Hotels & Resorts is under contract to sell its Marriott Seattle Waterfront for $145 million, putting it on pace with the CEO's prediction of selling off one to two hotels in 2025.
Bryan Wroten
Bryan Wroten

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Rooms: 785
Location: Port Charlotte, Florida
Price, including debt: $200 million
Price per room: $254,777
Buyer: Blackstone Real Estate
Seller: Allegiant Travel Company
Date of transaction: July 7, 2025
Takeaway: The property, which opened in 2023, has 22 waterfront acres on the Gulf Coast of Florida, and it includes multiple food-and-beverage outlets, two pools, a spa, a fitness center, a rooftop adult pool and bar, a championship golf course and more than 60,000 square feet of combined indoor meeting space.

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1 Min Read
July 07, 2025 10:40 AM
Blackstone Real Estate will buy the 785-key Sunseeker Resort Charlotte Harbor from Allegiant Travel Co., which intends to pay down debt and improve its balance sheet with the proceeds from the sale.
Bryan Wroten
Bryan Wroten

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Rooms: 132
Location: Orlando, Florida
Price, including debt: $31,800,000
Price per room: $240,909
Buyer: McKibbon Hotel Management
Seller: AAAA Property Partners
Date of transaction: June 24, 2025
Takeaway: The closing of the 132-room hotel represents the third portfolio investments for McKibbon Income Fund I, a real estate investment fund focused on acquiring existing select-service and extended-stay hotels.

Rooms: 93
Location: Dalton, Georgia
Price, including debt: $9.63 million
Price per room: $103,502
Buyer: Five Star Group
Seller: Hospitality Investors Trust
Date of transaction: June 17, 2025
Takeaway: Mayank Patel, senior vice president of Hunter Hotel Advisors, facilitated the transaction.

Rooms: 126
Location: Tampa, Florida
Price, including debt: $18.8 million
Price per room: $149,000
Buyer: Apple Hospitality REIT
Seller: Trimont Real Estate Advisors
Date of transaction: June 10, 2025
Takeaway: Following the acquisition of the Homewood Suites by Hilton Tampa-Brandon, the Apple Hospitality REIT portfolio includes 221 hotels with 29,893 guest rooms throughout 37 states and the District of Columbia.

Click here to read more hotel news on CoStar Hotels.

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