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3241 156th Avenue Southeast
SOLD

Sage Investment Group Acquires Quality Inn Bellevue From Ok S. Ham For $13.1M

3241 156th Avenue Southeast

Hotel
28,910 SF
clock iconSold 51 days ago
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Summary

Sale
WASHINGTON
Hotel
28,910 sqft

The Quality Inn Bellevue, comprising 106 rooms in a 28,910-square-foot building located at 3241 156th Avenue Southeast in Bellevue, WA, was sold for $13.1 million. The sale price equated to approximately $453 per square foot, with each room amounting to around $123,584.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $13,100,000
  • Buyer: Sage Investment Group
  • Seller: Ok S. Ham
  • Keys: 106
  • PPSF: $453
  • PPK: $123,585

Sage Investment Group acquired the property from Ok S. Ham, marking a significant transaction in the hotel real estate market of Bellevue, WA.

Details

Deal Summary
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SOLD
IMAGE: 05/23/2024 ADDRESS: 3241 156th Avenue Southeast MARKET: Bellevue, WA ASSET TYPE: Hotel BUYER: Sage Investment Group SELLER: Ok S. Ham SALE PRICE: $13,100,000 SF: 28,910 ~ PPSF: $453 KEYS: 106 ~ PPK: $123,585 NOTE: The Quality Inn Bellevue, comprising 106 rooms in a 28,910-square-foot building, was sold for $13.1 million to Sage Investment Group, equating to approximately $123,584 per room.

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Address3241 156th Avenue Southeast

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