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Seattle & Northwest  + Washington  + Hospitality  |  January 20, 2026
Jasmine Kilman
By: Jasmine Kilman

Issaquah Motel 6 to Be Converted Into 103-Unit Workforce Housing

Sage Investment Group has closed on a Motel 6 in Issaquah with plans to convert the 103 hotel units to 103 studio rental apartments. Sage purchased the motel for $9.7 million.

Each unit will be fully renovated with kitchen spaces added, along with renovation of the amenity spaces, including onsite laundry, club room, outdoor patio space and leasing office. Construction on the property located at 1885 15th Pl NW is expected to begin in summer 2026.

The Issaquah market has a high cost of living, low vacancy rates, and a lack of future supply. The site is located half a mile from Costco’s headquarters, which has 2,100 employees. Sage Investment Group is a developer exclusively on adaptive reuse projects that create attainable housing. In September, the firm completed the $9.5 million acquisition of a 39,600-square-foot Econo Lodge in Everett, which will be converted into 124 studio apartments.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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