Woodinville Hotel Partners will develop The Somm Hotel and Spa, Autograph Collection, in the Seattle suburb of Woodinville, Wash. Dallas-based Hall Structured Finance has originated a $52 million loan related to the development of the hotel.
The 164-room, luxury Somm Hotel and Spa, Autograph Collection, will have a 5,661-square-foot spa, full-service restaurant with a private dining room, a 3,000-square-foot rooftop bar with views of Mount Rainier, meeting space, and 9,000 square feet of retail space. The hotel will be the centerpiece of Harvest Wine Village, a 20-acre master planned development made up of a town square, nearly 100,000 square feet of retail consisting largely of restaurants, bars, wine tasting rooms and various service providers, apartments and townhomes, all of which are currently under construction, and an additional 80-unit residential project set to begin construction in 2024.
“Woodinville Hotel Partners, along with their equity partner Alco Investment Company, have put together an exciting business plan for The Somm Hotel and Spa and we are looking forward to being involved with the development,” HSF VP Brian Mitchell said in a statement. “The hotel is a short drive from Seattle and in close vicinity of a remarkable number of global business icons. The hotel is ideally located for business travelers, business groups and conferences, while also offering high-end dining, retail and wine tasting experiences for the leisure traveler.”
Located about 20 miles northeast of Seattle, Woodinville is part of the Sammamish River Valley, home to over 100 wineries, gourmet restaurants and artisan shops. It is also within 15 miles of notable global companies including Microsoft, SpaceX, Google, T-Mobile, Amazon and Meta.
Partners President Kent Halvorson said the company encountered significant shifts in the lending market over the past five years while developing The Somm Hotel and Spa project.
“We are grateful for the innovative financial solution provided by Hall Structured Finance,” US Hotel Advisors Principal Brian Holstein said. Holstein brokered the deal. "It is always nice to work with a lender like HSF that understands not just financing, but the underlying hotel business, construction, and in this case, the wine industry through its affiliation with Hall Wines, which provides the inspiration for the hotel’s unique branding.”