206-292-6175
315 Seneca St, Seattle, WA for Sale
Hospitality - FOR SALE
1/7
null | Request Cap Rate

315 Seneca St
Seattle, WA 98101
Downtown Seattle


HIGHLIGHTS

  • Historic Repositioning with Historic Tax Credits available and Opportunity to Revive a Legacy Brand or New Concept
  • Fully Entitled Development and Offered Unencumbered of Brand and Management
  • Mixed-Use Zoning Allows for Hotel, Residential, or Commercial Conversion
  • Operational Upside: Substantial Upgrade After Renovation and Repositioning and Potential for Key Money from Franchise Partners

OVERVIEW

CBRE Hotels is pleased to present the opportunity to acquire the 82-room Hotel Seattle, a historic downtown property poised for a transformative repositioning. Originally shuttered during the pandemic, the Hotel offers a rare chance to restore and reimagine a historic asset in one of the west coast's most dynamic urban markets. Located in the heart of Seattle’s thriving CBD, Hotel Seattle is surrounded by major demand drivers including the new waterfront (completed Q2 2025), the newly expanded Convention Center ($2B), and the Stadium District. Additionally, the property is walkable to Amazon’s Global HQ, the Financial District, and the city’s premier cultural and entertainment venues. The Hotel Seattle is currently closed and non-operational. The offering represents the fee-simple interest in the Hotel, unencumbered of brand and management, and fully entitled for restoration. Demolition and cleanup work has been completed, and many improvements have been made to the property including a new roof and exterior facade work, a brand new elevator, electrical and plumbing upgrades, and other elements. The building does not require a seismic upgrade, and a buyer would benefit from historic tax credits and the sale of unutilized air rights above the property.

FOR SALE DETAILS

PRICE

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# OF ROOMS

82

CAP RATE

Request Cap Rate

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Seattle

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

12

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

DOC1 U/450

APN/PARCEL ID

094200-0120

ASK ABOUT THIS PROPERTY

206-292-6175

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206-292-6175

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