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8/04/17
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In a sizable financing deal out of Seattle, a joint venture between Geolo Capital and former Touchstone principals Douglas Howe and Shawn Parry have obtained an $80 mil refi for the Thompson Hotel and Sequel Apartments in the city’s downtown. The new senior loan was arranged by HFF’s Bruce Ganong and provided by PCCP LLC.
Completed last summer, the property is a 12-story, mixed-use project that includes the 155-room Thompson Hotel and 93 apartment units known as the Sequel Apartments. The new financing retired the original construction loan on the asset.
Located at 110 Stewart Street (Thompson Seattle Hotel) and 1900 1st Avenue (Sequel Apartments) the architecturally distinctive asset is on the corner of 1st Ave and Stewart St in the heart of Seattle’s downtown core, one block off Pike Place Market, the top tourist destination in Seattle. The contemporary hotel was designed by Seattle-based, internationally renowned architecture firm, Olson Kundig.
The property features floor-to-ceiling glass exteriors, modern finishes, and a popular roof top bar with unobstructed views of Puget Sound. The Sequel Apartments features “industrial-chic” finishes, an array of resident services, and a roof-top deck.
Geolo Capital is a private equity investment group focused on four core service-related industries: hospitality, health and wellness, consumer products and entertainment. It is the co-founder of Two Roads Hospitality, the largest boutique hotel operator in the country and the exclusive operator of Thompson branded hotels.
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