Hotels for Sale

Red Lion Inn & Suites Bothell, WA

Address:
Bothell, Washington
Description:
  • Fee simple interest in the bank owned and receiver managed 84-room former SpringHill Suites offered at a significant discount to replacement cost
  • The property is being offered for auction through Ten-X in the May 31st auction
  • Considerable operational upside with the property under servicer control and receiver management since October 2015
  • Available unencumbered of debt and third-party management with the ability to retain the Red Lion brand for a new long term license or pursue alternate branding
  • Proximate to Interstate 405 and Interstate 5 offering easy accessibility to downtown Seattle and upwards of 116,000 cars passing the location daily
  • Readily accessible to all Bothell area demand including downtown Bothell, 100-regional wineries, and all broader corporate demand including AT&T, EKOS Corporation, Google, HaloSource, Iverson Genetic Diagnostics, Philips, Vertafore Inc
  • Ideally situated within the Seattle MSA and proximate to all regional demand including downtown Seattle, downtown Bellevue, and Seattle-Tacoma International Airport

Listing Agents

Scott Griemsmann
T: 415.419.5765
Email
BRE #01336236

Subu Thiagarajan
T: 510.205.7931
Email
BRE #01891134

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