Sixth Street Capital Acquires Seattle Marriott Waterfront Hotel From Braemar Hotels & Resorts For $145M

The transaction involves the sale of a hotel asset located at 2100 Alaskan Way, Seattle, WA. The property is a 369-room hotel that was sold for a total of $145,000,000, which equates to approximately $392,954 per room. The transaction reflects a capitalization rate of 8.1%.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $145,000,000
• Buyer: Sixth Street Capital
• Seller: Braemar Hotels & Resorts
• Market: Seattle, WA
• Keys: 369
• PPK: $392,954

An affiliate of Sixth Street Capital completed the acquisition. The seller, Braemar Hotels & Resorts, retained a significant presence in the hospitality sector through this transaction.