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FairBridge Inn Express Tukwila

$4,800,000

13050 48th Avenue South, Seattle, WA 98168

Active
Last Updated: 04/17/2025

8.48

Cap Rate

36,116 sqft

Building Size

Details:
Cap Rate:    8.48%
Building Size:    36,116 sqft
Lot Area:    2.45 acres
Keys:    120
Year Built:    1980
Floors:    2
Year Last Renovated:    2013
Highlights:
  • Opportunity To Reposition
  • ~3 miles to SEA-TAC Int'l Airport
  • Upside For Experienced Owner
  • Proximity To Distribution Centers
  • Unencumbered by Franchise or Management
  • Leased Land / Located In An Opportunity Zone
Description:

The FairBridge Inn Express Tukwila is a 120-key, midscale, select-service hotel located on ~2.45 acres of leased land just 3 miles from Seattle-Tacoma International Airport. The property is comprised of 2 buildings totaling over 31,000 square feet and features an outdoor seasonal pool and hot tub. Guest room mix includes Queen Singles, Queen Doubles, King Singles, and King Deluxe rooms. Hotel amenities include Grab N’ Go breakfast, an airport shuttle to SEA-TAC, and ample guest parking. The hotel is unencumbered by brand or management agreements, offering flexibility for repositioning. Located in an Opportunity Zone.

Strategically positioned off Interstate 5 and near the I-405 exchange, the property benefits from steady demand generated by the airport, nearby distribution centers, and regional business activity. This asset presents a value-add opportunity for experienced operators to modernize and rebrand in a high-demand submarket of the Seattle metro. Current operations are under-optimized, offering upside through active ownership, staffing efficiencies, and professional management. The flexible franchise agreement may be terminated with 30 days’ notice, creating options to reduce brand-related costs. A proactive operator can further drive performance by pursuing airline crew contracts, group bookings, and event-driven demand. Strong transportation access and proximity to major employers support sustained commercial and transient traffic.

Tukwila is a strategically located Seattle suburb just 3 miles from Seattle-Tacoma International Airport (SEA-TAC), which is expected to serve ~53.5 million passengers annually (2025). Known for its strong industrial and logistics presence, Tukwila is home to major employers and distribution hubs, including Boeing, Alaska Airlines, Costco, REI, and the regional UPS and FedEx networks. The city draws consistent demand from airline crews, logistics professionals, and business travelers visiting nearby warehouses, corporate campuses, and commercial parks. With immediate access to I-5, I-405, and SR-518, plus Link light rail service to downtown Seattle and the airport, Tukwila offers reliable connectivity for both short-term stays and regional travel.

Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!

Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Map:
Documents:
Title
CIP-CONFIDENTIALITY-AGREEMENT.pdf
FairBridge_Inn_Express_Tukwila_Flyer.pdf
CIP-DISCLOSURE-WA.pdf
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Location
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