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Larkspur Landing Renton 1701 E Valley Rd 127 Room Hotel Renton, WA 98057 For Sale
Investment Highlights
- IDEALLY POSITIONED WITHIN THE SOUTH LAKE WASHINGTON SUBMARKET NEAR A DIVERSE MIX OF AEROSPACE, HEALTHCARE, AND LOGISTICS DEMAND
- LARGE SUITES MEASURING 300 SQUARE FEET AND LARGER, ALL WITH FULL KITCHENS, DINING, LIVING, AND SLEEPING AREAS
- OFFERED UNENCUMBERED OF MANAGEMENT AND BRAND
- RENTON BENEFITS FROM A DIVERSIFIED EMPLOYMENT BASE ANCHORED BY BOEING AND MAJOR REGIONAL EMPLOYERS IN SOUTH KING COUNTY
- STABLE REVPAR PERFORMANCE SUPPORTED BY EXTENDED-STAY AND PROJECT-BASED CORPORATE DEMAND WITH LIMITED NEW SUPPLY IN THE SOUTH KING COUNTY SUBMARKET
- AFFILIATION WITH A NATIONAL FRANCHISE AND COMPLETION OF CAPITAL IMPROVEMENTS WILL DRIVE REVPAR
Executive Summary
CBRE Hotels, on an exclusive basis, is pleased to present the opportunity to acquire the 127-room Larkspur Landing Renton. Located in the South Lake Washington submarket, the Larkspur Landing is prominently positioned in Renton, Washington, with convenient access to Interstate 405, Interstate 5, and State Route 167, within the incorporated City of Renton. Renton serves as a key employment and logistics hub within the southern Puget Sound region, benefiting from a diversified economic base, strong industrial and aerospace presence, and proximity to major transportation infrastructure.
The Hotel is located near several major Fortune 500 and leading employers, including Boeing, Blue Origin, Amazon, Kaiser Permanente, and Providence Health, as well as numerous logistics, manufacturing, and distribution facilities throughout Renton, Kent, Tukwila, and South Seattle. Downtown Seattle, the Seattle Convention Center, Lumen Field, and Climate Pledge Arena are all located within approximately 15 miles. Seattle-Tacoma International Airport (“SEA”) is less than 10 miles south of the Hotel.
Opened in the late 1990s, the Larkspur Landing Renton is a multi-story, wood-frame property situated on a well-configured parcel. This purpose-built extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with dedicated common areas designed to serve long-term and project-based guests. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years.
The Hotel is located near several major Fortune 500 and leading employers, including Boeing, Blue Origin, Amazon, Kaiser Permanente, and Providence Health, as well as numerous logistics, manufacturing, and distribution facilities throughout Renton, Kent, Tukwila, and South Seattle. Downtown Seattle, the Seattle Convention Center, Lumen Field, and Climate Pledge Arena are all located within approximately 15 miles. Seattle-Tacoma International Airport (“SEA”) is less than 10 miles south of the Hotel.
Opened in the late 1990s, the Larkspur Landing Renton is a multi-story, wood-frame property situated on a well-configured parcel. This purpose-built extended-stay, all-suite hotel features spacious guest rooms equipped with full kitchens, along with dedicated common areas designed to serve long-term and project-based guests. The Property has received periodic capital improvements, though only limited, as-needed upgrades have been completed in recent years.
Property Facts
| Sale Type | Investment | No. Rooms | 127 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 1998 |
| Building Class | B | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 2.71 AC | Corridor | Interior |
| Building Size | 78,157 SF | ||
| Zoning | CO - Commercial Office (CO) | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.71 AC |
| Building Size | 78,157 SF |
| No. Rooms | 127 |
| No. Stories | 4 |
| Year Built | 1998 |
| Parking Ratio | 1.8/1,000 SF |
| Corridor | Interior |
| Zoning | CO - Commercial Office (CO) |
Amenities
- Business Center
- Fitness Center
- Shuttle Service
- Patio
- Meeting Event Space
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 127 | $262.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 334040-3332 | Improvements Assessment | $16,138,600 |
| Land Assessment | $3,127,200 | Total Assessment | $19,265,800 |
Property Taxes
Parcel Number
334040-3332
Land Assessment
$3,127,200
Improvements Assessment
$16,138,600
Total Assessment
$19,265,800
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Larkspur Landing Renton | 1701 E Valley Rd
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