Pacifica Hotels has purchased the Kimpton Hotel Vintage Seattle for $33.7 million. Pacifica plans to undergo a renovation of the property, including 125 guest rooms, hotel restaurant, and lobby.
Pacifica Hotels is the largest owner and operator of boutique hotels along the Pacific Coast, with more than 40 properties in California, Hawaii, and Oregon. Though Pacifica is purchasing the property, it will remain Kimpton operated.
The Kimpton Hotel Vintage in Seattle has 660 square feet of event space, Italian restaurant, on-site fitness center, and parking garage.
“We are excited to be expanding our footprint in the Pacific Northwest by acquiring another iconic hotel in one of the most dynamic gateway cities in the US,” said Chris Marquis, executive vice president of Pacifica Hotels. “We have been looking at investment opportunities in the Seattle market for over a decade and are pleased to be adding Hotel Vintage to the Pacifica portfolio at such an attractive basis.”
Kimpton Hotel Vintage Seattle is location on 5th Avenue in downtown Seattle, putting it within walking distance of Pike Place Market, Pacific Place, Pioneer Square, the Space Needle, Seattle Center, Seattle Art Museum, Benaroya Hall, Safeco Field, and CenturyLink Field.
“We have witnessed a strong recovery in tourism in the Seattle market since the global pandemic,” shared Matt Marquis, CEO of Pacifica Hotels. “With the addition of the new state of the art convention center totaling over 573,000 square feet of meeting space, we believe Seattle is poised for strong future growth.”
The Hotel Vintage brand will be included in the acquisition of Kimpton Hotel Vintage Seattle. According to Pacifica, the Vintage brand was the first brand launched by Bill Kimpton in 1983 with the creation of Hotel Vintage Court in San Francisco. It later included Hotel Vintage Seattle and Vintage Plaza in Portland (currently known as Hotel Vintage), which was the first Kimpton hotel outside of California.
For more information on the Pacifica Hotels portfolio, visit www.pacificahotels.com.
Photo credit: Pacifica Hotels.