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AC Hotel Seattle Sold for $87M
Ishin Aju Hotel Bellevue LLC acquired the AC Hotel Seattle Bellevue/Downtown from Merrillville, IN-based White/Peterman Properties Inc., for $87 million. WPPI Bellevue AC LLC developed the property, which opened August 2017. The buyer is an entity affiliated with South Korea-based Aju Hotels and Resorts.
The AC Bellevue is located at 208 106th Place NE in downtown Bellevue, WA. The seven-story property contains 234 rooms, two levels of underground parking, 1,487 square feet of meeting space, the AC Lounge, the AC Kitchen, the AC Store, the AC Library and a fitness center.
Hodges Ward Elliott’s Mark Elliott and John Sonnier represented the seller in the transaction, along with Michael DiPrima and Rick Rush.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
