JLL secures refinance of Hilton Garden Inn Downtown Bellevue for West77 Partners

Adrienne Andrews

PHOENIX, AZ – JLL Hotels & Hospitality Group has arranged the refinancing for the 254-key Hilton Garden Inn Seattle, Downtown Bellevue, WA . Details of the deal were not disclosed.

JLL worked on behalf of the borrower, West77 Partners, to secure a fixed rate, five-year loan through a national life insurance company. The proceeds were used to pay off an existing bank loan and return equity to the borrower.

 The 254-key Hilton Garden Inn Seattle, 10777 NE 10th Street, Bellevue, WA

Located at 10777 NE 10th Street in the heart of downtown Bellevue, Washington, the six-story Hilton Garden Inn opened in 2018. Bellevue, often called Seattle's "Eastside," has emerged as a thriving technology hub, attracting major companies like Amazon, Microsoft and T-Mobile.

The hotel features over 3,000 square feet of meeting space, an on-site restaurant and bar, a fitness center, an indoor terrace pool and structured parking. It is ideally situated near popular attractions such as Bellevue Square, The Shops at The Bravern and Lincoln Square. Other Seattle attractions including Pike Place Market and the Space Needle are also easily accessible, with Seattle-Tacoma International Airport just 18 miles away.

Jessica Mehra

 

The JLL Debt Advisory team was led by Managing Director Adrienne Andrews and Analyst Jessica Mehra.

"This refinancing presented an attractive opportunity given the hotel's prime location in a high-barrier-to-entry market, strong in-place cash flow and seasoned sponsorship," said Andrews. "This Hilton Garden Inn is well-positioned to capitalize on Bellevue's robust corporate demand drivers and growing tourism sector."

 

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. 

Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

 

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Contact:

 Grace Lewis, JLL PR

Phone: +1 903 520 3478  

Email: grace.lewis@jll.com

ll.com.