Listed by John L. Scott - Kent North
$37,500,000
Four Points Sheraton
Details
Property Type Hospitality, Mixed Use
Sub Type Hotel
Square Footage 266,605
Cap Rate 5.20%
Occupancy 73.1%
Price per SqFt $141
Year Built 2015
Year Renovated 2016
Stories 7
Acreage 1.440
Parking Spaces 0.20 per unit
Hospitality 5.20% CAP
Marketing description
A premier investment opportunity in the thriving Seattle Airport hospitality market, the Four Points by Sheraton Seattle Airport South offers immediate income and long-term development potential. This 225- room, 7-story Upper Upscale hotel, built in 2015 and opened in 2016, operates under the globally recognized Marriott International brand as a Four Points franchise.
Strategically located just 11 minutes from Seattle-Tacoma International Airport, the property sits along busy Pacific Highway South, with strong visibility and access to major transportation corridors. The hotel boasts 6,952 SF of flexible meeting space, a fitness center, business center, pool, on-site bar and restaurant, and high-speed internet, catering to both business and leisure travelers.
With the current market showing positive RevPAR growth and high occupancy in the Seattle Airport submarket, this property provides brand stability. The additional included lot opens the door for potential new hospitality, mixed-use, or parking expansion (buyer to verify zoning).
This offering is ideal for investors seeking a stabilized, branded hotel asset with upside potential through future development.
Investment highlights
- Average Sale Price/Room (Seattle Airport): $157,447
- Range of Sale Prices/Room: $108,462 to $470,729
- Cap Rates (Range): 2.4%-6.8%
- Recent Notable Sales:
- La Quinta SeaTac (143 rooms): $27.4M @ $191,608/room
- Hilton Garden Inn Renton (150 rooms): $18M@ $120,000/room
- Kimpton Hotel Vintage Seattle (125 rooms): $33.7M @ $269,600/room (Cap Rate: 2.4%)
- New Deliveries (Past 12 Months): 1 property (Muckleshoot Casino Resort, 401 rooms)
- Under Construction Nearby: LivAway Suites (126 rooms, 4 stories, est. delivery: Jun 2025)
- New Supply Impact: Moderate - 126 rooms under construction in the near radius, not overly saturated.
Listing Contacts
Listed by John L. Scott - Kent North
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