**Braemar to Sell Marriott Seattle Waterfront for $145M**
Braemar Hotels & Resorts has entered into a definitive agreement to sell the Marriott Seattle Waterfront for $145 million. The sale price equates to approximately $393,000 per key for the 369-room property.
The eight-story, 325,000-square-foot hotel is located at 2100 Alaskan Way in Seattle. Including anticipated capital expenditures of $7 million, the total transaction reflects an 8.1% capitalization rate on net operating income for the trailing 12 months ending May 31, 2025.
“We are pleased to announce the planned sale of the Marriott Seattle Waterfront,” said Richard J. Stockton, Braemar’s president and CEO. “The sale of this upper-upscale hotel will help deleverage our portfolio and further align our financial performance with the luxury hotel sector.”
Braemar Hotels & Resorts is a real estate investment trust focused on investing in luxury hotels and resorts. The transaction is expected to close in August 2025. Additional terms and conditions were not disclosed.
