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Larkspur Landing Bellevue 15805 SE 37th St 126 Room Hotel Bellevue, WA 98006 For Sale
Investment Highlights
- Ideally positioned within the core Eastside submarket near a diverse mix of corporate demand
- Largest suites measuring 300 SF and larger, all with full kitchens, living, and sleeping areas
- Affiliation with national franchise and completion of capital improvements will drive RevPAR
- Bellevue office market represents one of the largest and most affluent employment bases in the pacific Northwest
- Offered unencumbered of management & brand
- High barriers to entry due to limited development sites, high construction costs, and strict entitlement environment
Executive Summary
CBRE Hotels, as the exclusive advisor, is pleased to present the 126-key Larkspur Landing Bellevue. Located in the heart of the Eastside submarket, the Larkspur Landing is prominently positioned in Bellevue, Washington, proximate to Interstate 405 and State Route 520, within the incorporated City of Bellevue. Bellevue stands as one of the Puget Sound region’s primary economic centers, distinguished by its highly educated workforce, elevated household incomes, and a real estate market among the most valuable and supply-constrained in the Pacific Northwest.
The Hotel is located near several major Fortune 100 and leading technology companies, including Microsoft, Amazon, Meta, Google, Salesforce, and T-Mobile, as well as numerous regional headquarters and satellite offices throughout Bellevue, Redmond, and Kirkland. Downtown Seattle, the Seattle Convention Center, Climate Pledge Arena, and Lumen Field are all located within a 15-mile radius. Seattle-Tacoma International Airport (“SEA”) is approximately 17 miles south of the Hotel, while Paine Field is roughly 20 miles to the north.
Opened in the late 1990s, the Larkspur Landing Bellevue is a four-story, wood-frame property situated on approximately two acres. This purpose-built extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with dedicated meeting and common areas. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years.
The Hotel is located near several major Fortune 100 and leading technology companies, including Microsoft, Amazon, Meta, Google, Salesforce, and T-Mobile, as well as numerous regional headquarters and satellite offices throughout Bellevue, Redmond, and Kirkland. Downtown Seattle, the Seattle Convention Center, Climate Pledge Arena, and Lumen Field are all located within a 15-mile radius. Seattle-Tacoma International Airport (“SEA”) is approximately 17 miles south of the Hotel, while Paine Field is roughly 20 miles to the north.
Opened in the late 1990s, the Larkspur Landing Bellevue is a four-story, wood-frame property situated on approximately two acres. This purpose-built extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with dedicated meeting and common areas. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years.
Property Facts
| Sale Type | Investment | No. Rooms | 126 |
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2015 |
| Building Class | B | Parking Ratio | 0.94/1,000 SF |
| Lot Size | 3.83 AC | Corridor | Interior |
| Building Size | 84,427 SF | ||
| Zoning | OLB | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.83 AC |
| Building Size | 84,427 SF |
| No. Rooms | 126 |
| No. Stories | 5 |
| Year Built/Renovated | 1998/2015 |
| Parking Ratio | 0.94/1,000 SF |
| Corridor | Interior |
| Zoning | OLB |
Amenities
- Business Center
- Fitness Center
- Shuttle Service
- On-Site Retail
- Patio
- Meeting Event Space
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 126 | $307.48 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 112405-9118 | Improvements Assessment | $19,298,698 CAD |
| Land Assessment | $9,767,645 CAD | Total Assessment | $29,066,344 CAD |
Property Taxes
Parcel Number
112405-9118
Land Assessment
$9,767,645 CAD
Improvements Assessment
$19,298,698 CAD
Total Assessment
$29,066,344 CAD
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Larkspur Landing Bellevue | 15805 SE 37th St
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