LOS ANGELES, California—RobertDouglas introduced that it suggested Braemar Inns & Resorts, Inc. on the sale of the Marriott Waterfront Seattle to a three way partnership between Sixth Road Companions and Riller Capital. The 369-key resort is operated underneath a long-term administration settlement with Marriott Worldwide. The sale value of $145 million ($393,000 per key) with anticipated capital expenditures of $7 million represents an 8.1 p.c capitalization price on internet working revenue for the trailing 12-month interval that ended Could 31, 2025.
The Marriott Seattle Waterfront provides newly renovated nautical-themed guestrooms; an M Membership Lounge; roughly 17,000 sq. toes of assembly house; and the one indoor and outside resort pool in downtown Seattle.
“This transaction displays robust investor conviction within the long-term fundamentals of the Seattle lodging market, notably within the downtown core,” stated Patrick Tan, senior vice chairman at RobertDouglas. “This generational asset advantages from a various and sturdy set of demand mills – most notably its adjacency to the cruise port, which is on monitor for a report 12 months.”
“We’re proud to have suggested Braemar on a transaction that attracted vital institutional curiosity and showcased the depth of capital pursuing high-quality lodging property,” stated Stephen O’Connor, principal and managing director at RobertDouglas. “The sale helps Braemar’s broader portfolio technique – enhancing the stability sheet whereas additional aligning the portfolio with the luxurious resort section.”
