Paramount Lodging Advisors (PLA) Sells the Hampton Inn & Suites Federal Way/Seattle Washington

USA, Seattle, Washington. December 18, 2018

Paramount Lodging Advisors has successfully sold the 142-room Hampton Inn & Suites in Federal Way, Washington. The PLA team member representing this sale was Senior Managing Director, Scott Griemsmann. 

This transaction contributes to PLA's activity in the Western U.S. and represents the fifth closing in recent months with three additional deals under contract in the Western US (all expected to close in Q4 2018).

“We were extremely pleased to exceed the owner's expectations for the asset and secure another Hilton branded asset for the purchaser in the region. It was a win for both parties,” commented Griemsmann.

The hotel is ideally situated within the Seattle Metro and is proximate to Xerox, Weyerhaeuser Campus, World Vision Inc., ACS, Telecom Labs, Inc. and is a short drive to Seattle Tacoma International Airport (SEATAC)and adjacent to the new Federal Way light rail extension.

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in July 2019...

Hotel Spa: Pursuing Distinction

The Wellness Movement continues to evolve and hotel spas continue to innovate in order to keep pace. Fueled by intense competition within the industry, hotel spas are seeking creative ways to differentiate themselves in the market. An increasing number of customers are searching for very specific, niche treatments that address their particular health concerns and, as a result, some leading spas have achieved distinction by offering only one specialized treatment. Meditation and mindfulness practices are becoming increasingly mainstream as are alternative treatments and therapies, such as Ayurvedic therapies, Reiki, energy work and salt therapy. Some spas specialize in stress management and offer lifestyle coaching sessions as part of their program.  Other spas are fully embracing new technologies as a way to differentiate themselves, such as providing wearable devices that track health and fitness biomarkers, or robots programmed with artificial intelligence to control spa environments, or virtual reality add-ons that transport guests to relaxing places around the world. Some spas have chosen to specialize in medical procedures such as liposuction, laser skin therapy, phototherapy facials, Botox and facial fillers, acupuncture and permanent hair removal, in addition to cosmetic body shaping procedures and  teeth whitening treatments. Similarly, other spas are offering comprehensive health check-ups and counseling services for those who are interested in disease prevention treatments. Finally, as hotel spas continue to become more diverse, accessible and specialized, there is a growing demand for health professionals with a specific area of expertise. There is a proliferation of top class, quality wellness practitioners who make a name for themselves by offering their services around the globe, including athletes, chefs, doctors, physical trainers and weight loss specialists. The July issue of the Hotel Business Review will report on these trends and developments and examine how some hotel spas are integrating them into their operations.