Eddie Yu Of Ohana Real Estate Investors Acquires Hyatt Regency Lake Washington For $103M

The asset involved in this transaction is the Hyatt Regency Lake Washington, a 347-room hotel located at 1053 Lake Washington Boulevard North in Renton, WA. The property was sold for $103,000,000, which translates to $296,830 per room. The sale took place amid a bankruptcy court-approved process connected to a lawsuit involving Chinese EB-5 investors.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $103,000,000
• Address: 1053 Lake Washington Boulevard North
• Market: Renton, WA
• Buyer: Eddie Yu - Ohana Real Estate Investors
• Seller: SECO Development
• Keys: 347
• Price Per Key: $296,830

This transaction was led by Eddie Yu, representing Ohana Real Estate Investors, who completed the acquisition of the property from SECO Development. The sale was approved by bankruptcy court and was influenced by the involvement of Chinese EB-5 investors in an ongoing lawsuit.