Seattle & Northwest + Seattle + Finance | September 1, 2023

HALL Structured Finance originated a $52-million loan for the development of The Somm Hotel and Spa in the Seattle suburb of Woodinville, WA

HSF Originates $52M Loan for Woodinville Hotel Development

Dallas-based private lender HALL Structured Finance (HSF) originated a $52-million loan for the development of The Somm Hotel and Spa, Autograph Collection in the Seattle suburb of Woodinville, WA. The developer is Woodinville Hotel Partners, LLC. Brian Holstein with US Hotel Advisors brokered the deal.

The 164-room, luxury Somm Hotel and Spa, Autograph Collection, will feature a 5,661-square-foot spa, full-service restaurant with a private dining room, a 3,000-square-foot rooftop bar with views of Mount Rainier, meeting space, and 9,000 square feet of retail space. The hotel will be the centerpiece of Harvest Wine Village, a 20-acre master planned development.

“Woodinville Hotel Partners, along with their equity partner Alco Investment Company, have put together an exciting business plan for The Somm Hotel and Spa and we are looking forward to being involved with the development,” said HSF VP Brian Mitchell. “The hotel is ideally located for business travelers, business groups and conferences, while also offering high-end dining, retail, and wine tasting experiences for the leisure traveler.”

Connect

Inside The Story

Hall Structured Finance

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints