22406 Pacific Hwy - Hospitality FOR SALE


Des Moines, WA 98198- Pacific Ridge
$37,500,000 USD
253-852-9200
22406 Pacific Hwy, Des Moines, WA for Sale
$37,500,000 USD
Hospitality - FOR SALE
1/47
null | Request Cap Rate

22406 Pacific Hwy
Des Moines, WA 98198
Pacific Ridge


HIGHLIGHTS

  • Near Airport
  • Built in 2015 Steel Construction

OVERVIEW

A premier investment opportunity in the thriving Seattle Airport hospitality market, the Four Points by Sheraton Seattle Airport South offers immediate income and long-term development potential. This 225-room, 7-story Upper Upscale hotel, built in 2015 and opened in 2016, operates under the globally recognized Marriott International brand as a Four Points franchise. Strategically located just 11 minutes from Seattle-Tacoma International Airport, the property sits along busy Pacific Highway South, with strong visibility and access to major transportation corridors. The hotel boasts 6,952 SF of flexible meeting space, a fitness center, business center, pool, on-site bar and restaurant, and high-speed internet, catering to both business and leisure travelers. Key Highlights: • 225 rooms with interior corridors across 7 floors • 6,952 SF of meeting/event space • Parking of 205 stalls including the additional parking lot **Additional adjacent lot included, ideal for future development or expansion currently 52 stalls of additional parking** • Situated in a high-demand hospitality market with 73.1% occupancy and $143.78 ADR (12-month trailing averages per CoStar, Feb 2025) • Desirable Marriott franchise flag and professional management • Located within a 1-mile radius of 17,349 residents and 6,089 households, with solid demographic growth and demand drivers • Surrounded by restaurants, retail, and key regional employers • Strong local and tourist demand driven by airport proximity, nearby corporate offices, and Port of Seattle operations With the current market showing positive RevPAR growth and high occupancy in the Seattle Airport submarket, this property provides brand stability. The additional included lot opens the door for potential new hospitality, mixed-use, or parking expansion (buyer to verify zoning). This offering is ideal for investors seeking a stabilized, branded hotel asset with upside potential through future development.

FOR SALE DETAILS

PRICE

$37,500,000 USD

PRICE/SF

$141 USD /SF

# OF ROOMS

225

PRICE/ROOM

$166,667 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four Points by Sheraton Seattle Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

2015

PARKING SPACES

205

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

PRC

APN/PARCEL ID

250060-0140

ASK ABOUT THIS PROPERTY

Antonio LopezJohn L Scott Real EstateMore Info
253-852-9200

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Antonio LopezJohn L Scott Real EstateMore Info
253-852-9200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.