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Trinity Investments Acquires Fairmont Olympic Hotel in Seattle
Trinity Investments has acquired Fairmont Olympic Hotel, Seattle a historic 450-room luxury hotel located in downtown Seattle.
The property features 25,000 square feet of event space, street-level retail, and an array of amenities, including a 10,800 square-foot health club, and 6,700 square feet of office space. The Fairmont Olympic Seattle recently completed a $22 million capital renovation to transform the public areas
“This acquisition represents a unique opportunity to own a fully restored landmark hotel in a high-growth market that is experiencing a resurgence in corporate activity and benefiting from substantial capital investments,” said Sean Hehir, Managing Partner, President, and CEO of Trinity.
The landmark hotel first opened in 1924, and is situated near the Seattle Waterfront, Pike Place Market, museums, and sports facilities. The Fairmont Olympic Seattle represents Trinity’s eleventh hotel transaction in the U.S. since the final closing of Trinity GP Fund I L.P., Trinity’s inaugural fund, in 2021.
