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Seattle & Northwest  + Seattle  + Hospitality  |  June 25, 2025
Jasmine Kilman
By: Jasmine Kilman

Seattle Hotel Market Sees Continued Recovery Amid Travel Boom

Seattle’s hotel sector continued its post-pandemic rebound in Q1 2025, with market-wide occupancy hitting 70.3% in March, according to a new report from Kidder Mathews.

Demand in the Seattle CBD submarket continues to improve, aided by a surge in leisure travel. With continued growth in demand, a relatively stable supply, and rising room rates, hotel performance could continue to improve steadily.

The report highlighted the overall Seattle hotel market performance as demonstrated by Q1 2025 results, reflecting continued improvement over the prior years since 2020. ADR climbed to $182 in Q1 2025, translating to a significant increase in RevPAR from $30 in Q1 2021 to $128 in Q1 2025. Cap rates have stabilized near 8.7% market-wide.

Three hotel properties were sold recently for more than $5 million, including a 240-room Embassy Suites in Lynnwood and the Red Roof Inn in SeaTac. Additionally, three new hotels are currently under construction, including the Somm Hotel and Spa in Woodinville and a LivAway Suites in Renton.

Read More News Stories About: Kidder Mathews
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Kidder Mathews

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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