Neglected downtown Seattle landmark could become a hotel

According to The Seattle Times, one of the city's most-neglected historic buildings could become a boutique hotel. Ariel Development of Seattle has signed a contract to buy the seven-story, 108-year-old Eitel Building at Second Avenue and Pike Street. The paper reports that an 80-room hotel could then be opened within 12 to 18 months after the sale closes, which could be by the end of the year.

Ariel has been involved in several Seattle hotel projects, including the Courtyard by Marriott at the renovated Alaska Building and the new Hyatt Place Hotel & Towers on Denny Way near Seattle Center.

Ariel plans to preserve the building's exterior, but it is still too soon to put a price tag on a renovation. A hotel operator has not yet been signed.

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