### The Maxwell Hotel in Seattle Secures $29.5M Refinancing
JLL’s Hotels & Hospitality Group has arranged a $29.5 million refinancing for The Maxwell Hotel, a 139-room boutique property in Seattle’s Queen Anne neighborhood.
JLL represented the borrower, Staypineapple, in securing a 10-year, fixed-rate loan from a regional credit union. The JLL Debt Advisory team was led by Managing Director Adrienne Andrews and Analyst Jessica Mehra.
Originally opened in 2010, the five-story hotel offers spacious guest rooms with modern amenities, an indoor pool, a fitness center, an on-site restaurant and bar, and 1,600 square feet of meeting space. The Maxwell Hotel is located at 300 Roy Street, close to major Seattle landmarks such as the Seattle Center, Space Needle, and Climate Pledge Arena.
“The Maxwell Hotel presented an attractive financing opportunity given its strong cash flow, irreplaceable location, and experienced sponsorship,” said Andrews. “We received robust interest from lenders drawn to the property’s consistent performance and Seattle’s resilient lodging market fundamentals.”
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