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Bellevue Marriott sells for $425,000 per room

February 9, 2016

February 5, 2016 | By JOURNAL STAFF | Daily Journal of Commerce

The new 17-story Marriott at 200 110th Ave. N.E. in downtown Bellevue sold for $163.4 million, property records show.

A real estate investment trust called Carey Watermark Investors 2 said last month it purchased the 384-room hotel but did not give the price.

The REIT, which is managed by W.P. Carey Inc. of New York and Watermark Capital Partners of Lake Forest, Illinois, paid approximately $425,415 per room.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.