San Fran developer plans 50-story Seattle hotel

A San Francisco hotel developer is looking to build a 50-story hotel and residential tower in downtown Seattle, according to The Seattle Times. A real-estate partnership controlled by Stanford Hotels Group paid $16.75 million last year to acquire a 12,960-square-foot tract at 1903 Fifth Ave.

Now, the group intends to seek permits for a tower consisting of a 284-room hotel, 90 apartments, 133 condominiums, street-level retail and parking for about 200 cars, according to papers filed earlier this month, and as reported by The Seattle Times.

Stanford Hotels is scheduled to meet with the city’s design-review board on Dec. 16 to receive feedback on the proposal.

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

The company is also planning a 15-story hotel in South Lake Union. The proposed site is across the street from The Westin Seattle and within a short walk is the 229-room Warwick Seattle and the 160-room Mayflower Park Hotel.

But any new hotel is more likely to compete with other new hotels, said John Gordon, a senior vice president at commercial real-estate brokerage Kidder Mathews.

There reportedly are many hotels proposed or under construction in downtown Seattle, which this year is on track to set new records for hotel occupancy and room rates, The Seattle Times writes.


Suggested Articles

This role has continued to change with some revenue managers taking on leadership roles within hotel brand and management companies.

Nearly 60 percent of respondents are predicting a 50-75 percent decline in RevPAR versus budget for their entire portfolio.

Hotels in a number of regions in the U.S. announced new hires recently.