Candlewood Suites avid Dual Brand Development

Highlights:

• Well-Appointed Five-Story, IHG-Branded Hotel to be Built in the Seattle MSA
• Plans Include a Sleek Design, Shared Amenities and an Onsite Parking Structure
• Candlewood Suites & avid Dual-Brand is a Rapidly Growing Concept
• Versatile Target Market: Families, Short-Term, and Extended-Stay Visitors
• 1 Mile to Seattle-Tacoma International Airport (52.6M+ Passengers in 2024 | Undergoing $500M+ Expansion)
• Within 3 Miles of Alaska Airlines Corporate Headquarters & Newly Opened Training Facilities, which Attracts Thousands of Employees to the Area
• Nearby Attractions Include Highline SeaTac Botanical Garden, Starfire Sports Complex, The Museum of Flight, and Several Major Sporting/Event Venues
• 9 Miles to Downtown Seattle and its World-Renowned Attractions, Including the Space Needle, Pike Place Market, Seattle Waterfront & Great Wheel, and More

Description:

Joel Deis // Broker of Record // License WA 25469

Property Tours
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Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites & avid Dual-Brand Development, a 100-key, five-story hotel to be built in the Seattle MSA. The planned project, located in the SeaTac/Tukwila area, will combine amenities such as avid's free breakfast and 24-hour coffee with Candlewood’s fully-equipped kitchens and free laundry facilities.

The Tukwila/SeaTac submarket as a whole is a transportation-driven area centered on airport and highway access, making it a strong hub for logistics and industrial activity. The 0.91-acre site is ideally situated off Interstate 5 and just one mile from Seattle-Tacoma International Airport, which accommodated more than 52 million passengers in 2024. The region hosts a major Boeing spare parts facility and boasts a high concentration of hospitality, logistics, and aviation-related businesses, creating over 35,000 jobs. Alaska Airlines corporate headquarters is located nearby and features a newly opened training facility that will bring thousands of employees to the immediate area annually. The site is also located just nine miles to Downtown Seattle and its world-renowned tourist attractions.

The Candlewood Suites & avid Dual-Brand Development represents the opportunity to acquire a well-located hotel site and develop an IHG-branded hotel in a strong market. The hotel will benefit from excellent brand recognition and a location in a high-traffic area ideal for the brand's target market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Seattle region.

Click Here For Offering Memorandum: https://allredhotelgroup.com/?propertyId=SeaTacWACWSAvidDev

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