Pacifica Hotels purchases Kimpton Hotel Vintage Seattle for $33.7 million from the Pebblebrook Hotel Trust. The boutique hotel located in downtown Seattle will join the company’s portfolio of 40 plus properties located across California, Hawaii and Oregon.
Pacifica Hotels plans to undergo a renovation that will refresh all 125 guestrooms as well as the restaurant and lobby. Hotel Vintage Seattle, which will remain Kimpton operated, has 660 square feet of event space, an outdoor Italian restaurant Tulio, an on-site fitness center, and adjacent parking garage.
“We are excited to be expanding our footprint in the Pacific Northwest by acquiring another iconic hotel in one of the most dynamic gateway cities in the U.S.,” Pacifica Hotels EVP Chris Marquis said in a statement. “We have been looking at investment opportunities in the Seattle market for over a decade and are pleased to be adding Hotel Vintage to the Pacifica portfolio at such an attractive basis.”
Kimpton Hotel Vintage Seattle is near Pike Place Market, Pacific Place, and the historic Pioneer Square. The centrally located boutique hotel is also close to the Space Needle, Seattle Center, Seattle Art Museum, Benaroya Hall, 5th Avenue Theatre, Safeco Field, CenturyLink Field, and more.
“We have witnessed a strong recovery in tourism in the Seattle market since the disruption from the global pandemic,” shared Matt Marquis, CEO of Pacifica Hotels. “With the addition of the new state of the art convention center totaling more than 573,000 square feet of meeting space, we believe Seattle is poised for strong future growth.”
Included in the acquisition of Kimpton Hotel Vintage Seattle is the Hotel Vintage brand. The Vintage brand was the first brand launched by Bill Kimpton in 1983 with the creation of Hotel Vintage Court in San Francisco. It later included Hotel Vintage Seattle and Vintage Plaza in Portland (currently known as Hotel Vintage), which was the first Kimpton hotel outside of California.