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| Thompson Seattle Hotel and Sequel Apartments, Seattle, WA |
SAN FRANCISCO, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged an $80 million
refinancing for the Thompson Seattle
Hotel and Sequel Apartments, a recently completed, two-building,
183,486-square-foot, mixed-use property comprising 158 hotel rooms and 93
residential units in downtown Seattle, Washington.
HFF worked on behalf of
the borrower, a joint venture between Geolo Capital and their local development
partners, Douglas Howe and Shawn Parry,
to place the floating-rate bridge loan with PCCP, LLC. Loan proceeds are being used to refinance the
existing construction loan.
Designed by Olson Kundig
Architects and completed in June 2016, Thompson Seattle Hotel was named the
2016 NAIOP Hospitality Development of the Year.
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| Bruce Ganong |
The 100,906-square-foot
luxury boutique hotel’s guestrooms have floor-to-ceiling windows that either
overlook Pike Place Market or across Puget Sound.
The hotel features 3,000
square feet of meeting space; a state-of-the-art fitness center open 24 hours
and overlooking 1st Avenue; and two restaurant and beverage options, Scout and
The Nest rooftop bar, lounge and terrace, which was named “Best Rooftop Bar in
Seattle” by The Seattle Times.
Additionally, two retail tenants, Seleuss
Chocolate and Tokyo Smoke, occupy ground-floor retail space.
The Sequel offers one- and
two-bedroom units in addition to penthouse suites. Community amenities include a concierge,
housekeeping, fitness center, rooftop deck, 24-hour valet and a variety of a la
carte services, including personal shopping, catering, airport pick-up,
secretarial services, in-residence spa treatment, personal trainers, laundry,
equipment rental and room service.
Residents also receive VIP access to the Thompson Seattle’s restaurant
and rooftop bar.
The Thompson Seattle is
located at 110 Stewart Street, with the Sequel located at 1900 1st Avenue in
downtown Seattle, one block from Pike Place Market in the heart of the Pike and
Pine retail core.
The property has a Walk
Score® of 99, making it a “Walker’s Paradise,” and is within walking distance
to Westlake Center, Pacific Place and flagship stores for both Nordstrom’s and
REI.
The HFF debt placement
team representing the borrower was led by senior managing director Bruce Ganong.
“The competition among
lenders for this financing opportunity was very strong, and the outcome was a
testament to the quality of sponsorship and the truly unique property they
developed,” Ganong said.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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