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.
The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.