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Candlewood Suites avid Dual Brand Development 14831 Military Rd S 56 Room Hotel Tukwila, WA 98168 $3,000,000 ($53,571/Room)
Investment Highlights
- Well-Appointed Five-Story, IHG-Branded Hotel to be Built in the Seattle MSA
- Candlewood Suites & avid Dual-Brand is a Rapidly Growing Concept
- 1 Mile to Seattle-Tacoma International Airport (52.6M+ Passengers in 2024 | Undergoing $500M+ Expansion)
- Plans Include a Sleek Design, Shared Amenities and an Onsite Parking Structure
- Versatile Target Market: Families, Short-Term, and Extended-Stay Visitors
- Within 3 Miles of Alaska Airlines Corporate Headquarters & Newly Opened Training Facilities, which Attracts Thousands of Employees to the Area
Executive Summary
Joel Deis // Broker of Record // License WA 25469
Property Tours
Do not contact on-site staff.? All property tours must be scheduled through the listing agent.? Prospective purchasers are encouraged to visit the subject property prior to submitting offers.?
Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites & avid Dual-Brand Development, a 100-key, five-story hotel to be built in the Seattle MSA. The planned project, located in the SeaTac/Tukwila area, will combine amenities such as avid's free breakfast and 24-hour coffee with Candlewood’s fully-equipped kitchens and free laundry facilities.
The Tukwila/SeaTac submarket as a whole is a transportation-driven area centered on airport and highway access, making it a strong hub for logistics and industrial activity. The 0.91-acre site is ideally situated off Interstate 5 and just one mile from Seattle-Tacoma International Airport, which accommodated more than 52 million passengers in 2024. The region hosts a major Boeing spare parts facility and boasts a high concentration of hospitality, logistics, and aviation-related businesses, creating over 35,000 jobs. Alaska Airlines corporate headquarters is located nearby and features a newly opened training facility that will bring thousands of employees to the immediate area annually. The site is also located just nine miles to Downtown Seattle and its world-renowned tourist attractions.
The Candlewood Suites & avid Dual-Brand Development represents the opportunity to acquire a well-located hotel site and develop an IHG-branded hotel in a strong market. The hotel will benefit from excellent brand recognition and a location in a high-traffic area ideal for the brand's target market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Seattle region.
Property Tours
Do not contact on-site staff.? All property tours must be scheduled through the listing agent.? Prospective purchasers are encouraged to visit the subject property prior to submitting offers.?
Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites & avid Dual-Brand Development, a 100-key, five-story hotel to be built in the Seattle MSA. The planned project, located in the SeaTac/Tukwila area, will combine amenities such as avid's free breakfast and 24-hour coffee with Candlewood’s fully-equipped kitchens and free laundry facilities.
The Tukwila/SeaTac submarket as a whole is a transportation-driven area centered on airport and highway access, making it a strong hub for logistics and industrial activity. The 0.91-acre site is ideally situated off Interstate 5 and just one mile from Seattle-Tacoma International Airport, which accommodated more than 52 million passengers in 2024. The region hosts a major Boeing spare parts facility and boasts a high concentration of hospitality, logistics, and aviation-related businesses, creating over 35,000 jobs. Alaska Airlines corporate headquarters is located nearby and features a newly opened training facility that will bring thousands of employees to the immediate area annually. The site is also located just nine miles to Downtown Seattle and its world-renowned tourist attractions.
The Candlewood Suites & avid Dual-Brand Development represents the opportunity to acquire a well-located hotel site and develop an IHG-branded hotel in a strong market. The hotel will benefit from excellent brand recognition and a location in a high-traffic area ideal for the brand's target market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Seattle region.
Property Facts
| Price | $3,000,000 | Construction Status | Proposed |
| Price Per Room | $53,571 | Building Size | 26,750 SF |
| Sale Type | Investment | No. Rooms | 56 |
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built | 2029 |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.91 AC | Opportunity Zone |
Yes
|
| Price | $3,000,000 |
| Price Per Room | $53,571 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.91 AC |
| Construction Status | Proposed |
| Building Size | 26,750 SF |
| No. Rooms | 56 |
| No. Stories | 5 |
| Year Built | 2029 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 56 | $120.00 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 004100-0030 | Improvements Assessment | $1,000 |
| Land Assessment | $1,086,100 | Total Assessment | $1,087,100 |
Property Taxes
Parcel Number
004100-0030
Land Assessment
$1,086,100
Improvements Assessment
$1,000
Total Assessment
$1,087,100
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Candlewood Suites avid Dual Brand Development | 14831 Military Rd S
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