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Fairmont Olympic Lodge in Seattle – Picture Credit score Fairmont Resorts
Trinity Investments, a personal actual property funding agency, has bought the Fairmont Olympic Lodge, a historic 450-room luxurious lodge in downtown Seattle. The lodge opened its doorways in 1924 and is a well-liked vacation spot for enterprise, leisure, and social gatherings.
Located in a first-rate location, the Fairmont Olympic Seattle spans a complete metropolis block and is surrounded by main firms, corresponding to Amazon, Disney, and Starbucks. It is usually conveniently positioned close to main vacationer points of interest just like the newly expanded Seattle Conference Middle, Lumen Discipline, and Pike Place Market.
The lodge boasts quite a few facilities, corresponding to spacious visitor rooms, 5 distinctive eating choices, a 25,000-square-foot occasion house, street-level retail, a ten,800-square-foot Well being Membership, full with an indoor heated pool, and 6,700 sq. ft of workplace house.
Just lately, the lodge underwent a $22 million renovation, which revamped the general public areas, together with the revealing of the Olympic Bar, the redesigning of The George restaurant, and enhancements to all indoor operate areas.
Trinity plans to hold out a full guestroom renovation to modernize the lodging, which haven’t been up to date since 2016. This transfer goals to capitalize on Seattle’s place as a high-growth gateway market.
Sean Hehir, Trinity’s Managing Companion, President, and CEO, expressed his pleasure over the acquisition. Hehir highlighted the property’s standing as a completely restored landmark in a high-growth market and emphasised Trinity’s intention to boost the property’s legacy by enterprise a full guestroom renovation.
This newest acquisition provides to Trinity’s increasing portfolio. The corporate not too long ago acquired The Commonplace, London, partnering with Oaktree Capital Administration and Companions Group. Since 2024, Trinity has invested over $730 million in motels and different hospitality property globally.
The Fairmont Olympic Seattle is Trinity’s eleventh lodge transaction within the U.S. for the reason that remaining closing of its inaugural fund, Trinity GP Fund I L.P., in 2021.
