What's Happening?
HomeTowne Studios Seattle-Kent, a 133-key economy extended stay hotel, is now available for purchase. Located in the South Seattle metro area, the property offers brand flexibility and operational upside. Built in 1998 and renovated in 2015, the hotel features 133 studios with kitchenettes, on-site laundry facilities, and ample parking. It is strategically positioned near Seattle-Tacoma International Airport and within Kent's aerospace and logistics hub, attracting demand from major companies like Boeing and Amazon. The property is marketed as a potential investment with options for conversion to workforce housing or micro-apartments.
Why It's Important?
The sale of HomeTowne Studios Seattle-Kent presents a significant investment opportunity in a high-demand market. The Seattle metro area is experiencing growth in tourism and business travel, driven by major events like the upcoming 2026 FIFA World Cup. The hotel's location near key economic drivers and infrastructure projects enhances its appeal to investors. Additionally, the potential for conversion to alternative uses provides flexibility and potential for long-term value creation. This opportunity reflects broader trends in the hospitality industry, where adaptive reuse and strategic location are key factors in investment decisions.
