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Hotel Seattle 315 Seneca St 82 Room Hotel Seattle, WA 98101 For Sale
Investment Highlights
- Historic Repositioning with Historic Tax Credits available and Opportunity to Revive a Legacy Brand or New Concept
- Mixed-Use Zoning Allows for Hotel, Residential, or Commercial Conversion
- Fully Entitled Development and Offered Unencumbered of Brand and Management
- Operational Upside: Substantial Upgrade After Renovation and Repositioning and Potential for Key Money from Franchise Partners
Executive Summary
CBRE Hotels is pleased to present the opportunity to acquire the 82-room Hotel Seattle, a historic downtown property poised for a transformative repositioning. Originally shuttered during the pandemic, the Hotel offers a rare chance to restore and reimagine a historic asset in one of the west coast's most dynamic urban markets. Located in the heart of Seattle’s thriving CBD, Hotel Seattle is surrounded by major demand drivers including the new waterfront (completed Q2 2025), the newly expanded Convention Center ($2B), and the Stadium District. Additionally, the property is walkable to Amazon’s Global HQ, the Financial District, and the city’s premier cultural and entertainment venues.
The Hotel Seattle is currently closed and non-operational. The offering represents the fee-simple interest in the Hotel, unencumbered of brand and management, and fully entitled for restoration. Demolition and cleanup work has been completed, and many improvements have been made to the property including a new roof and exterior facade work, a brand new elevator, electrical and plumbing upgrades, and other elements. The building does not require a seismic upgrade, and a buyer would benefit from historic tax credits and the sale of unutilized air rights above the property.
The Hotel Seattle is currently closed and non-operational. The offering represents the fee-simple interest in the Hotel, unencumbered of brand and management, and fully entitled for restoration. Demolition and cleanup work has been completed, and many improvements have been made to the property including a new roof and exterior facade work, a brand new elevator, electrical and plumbing upgrades, and other elements. The building does not require a seismic upgrade, and a buyer would benefit from historic tax credits and the sale of unutilized air rights above the property.
Property Facts
| Sale Type | Investment | Construction Status | Under Renovation |
| Sale Condition | Redevelopment Project | Building Size | 36,240 SF |
| Property Type | Hospitality | No. Rooms | 82 |
| Property Subtype | Hotel | No. Stories | 12 |
| Building Class | B | Year Built/Renovated | 1926/2026 |
| Lot Size | 0.08 AC | Corridor | Interior |
| Zoning | DOC1 U/450 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.08 AC |
| Construction Status | Under Renovation |
| Building Size | 36,240 SF |
| No. Rooms | 82 |
| No. Stories | 12 |
| Year Built/Renovated | 1926/2026 |
| Corridor | Interior |
| Zoning | DOC1 U/450 |
Amenities
- Fitness Center
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $272.23 CAD | - |
| Guest Room | 77 | $228.68 CAD | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 094200-0120 | Improvements Assessment | $4,732,244 CAD |
| Land Assessment | $9,800,424 CAD | Total Assessment | $14,532,668 CAD |
Property Taxes
Parcel Number
094200-0120
Land Assessment
$9,800,424 CAD
Improvements Assessment
$4,732,244 CAD
Total Assessment
$14,532,668 CAD
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Hotel Seattle | 315 Seneca St
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