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4/15/26
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The Hampton Inn & Suites hotel in Kent, WA was recently refinanced with a new permanent loan for $13.5 mil. The new loan was used to replace maturing debt and return several million dollars in equity to the owner, following a comprehensive performance improvement plan to the property.
The four-story, 95-room property is located at 21109 66th Ave S, just south of Seattle. The 60.5k sf asset is situated less than five miles from the Seattle-Tacoma International Airport with nearby major employers including Amazon, Boeing, Flow International, and Sysco.
Gantry’s Drit Shoemaker, Director, with the firm’s Seattle production office represented the borrower, a private real estate owner / manager. The five-year, synthetically fixed rate loan was provided by a regional bank and features 25-year amortization.
“Many hospitality assets have been challenged by post pandemic disruption to travel patterns and workstyle shifts,” commented Shoemaker. “For this Hampton Inn location, the success of a recently completed strategic performance improvement plan helped grow and improve metrics for debt service and valuation.”
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