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The Georgetown Inn 6100 Corson Ave S 52 Room Hotel Seattle, WA 98108 $7,300,000 ($140,385/Room)
Executive Summary
The Georgetown Inn at 6100 Corson Ave S presents a rare opportunity to acquire a well-established, income-producing hospitality asset in one of Seattle's most dynamic and supply-constrained submarkets. Primed for a straightforward value-add program and delivering a 9.5% proforma cap rate at $150 ADR, this turnkey asset offers the operational infrastructure and upside potential that serious hospitality investors demand.
• 52-Room Versatile Unit Mix — 44 standard rooms, 6 kitchenettes for extended stays, and 2 premium suites., with 24 rooms already modernized and ready to drive immediate revenue
• Strong Reputation — 9.0/10 Expedia.com rating and high Google Maps reviews, ensuring low customer acquisition costs and strong organic visibility
• Value-Add Upside — A clear path to equalize ADR across all 52 keys by completing renovation of the remaining 28 units, with post-renovation ADR of $165–$175 pushing NOI above $700K
• Prime Transit-Oriented Location — Positioned at the I-5 corridor (Exit 162) with direct access to Boeing Field, Downtown Seattle, and the Port, drawing a resilient mix of corporate, aviation, and leisure demand
• Significant Land & Zoning Optionality — 28,000 SF lot with NC-55 zoning offers long-term redevelopment potential beyond hospitality use
• Operational Advantages — Ample surface parking, fitness room, guest laundry, elevator, and full sprinkler system in a modernly constructed 1992 building
• Barrier-to-Entry Submarket — Limited new hotel supply in Georgetown combined with a built-in referral network from neighboring businesses
• 52-Room Versatile Unit Mix — 44 standard rooms, 6 kitchenettes for extended stays, and 2 premium suites., with 24 rooms already modernized and ready to drive immediate revenue
• Strong Reputation — 9.0/10 Expedia.com rating and high Google Maps reviews, ensuring low customer acquisition costs and strong organic visibility
• Value-Add Upside — A clear path to equalize ADR across all 52 keys by completing renovation of the remaining 28 units, with post-renovation ADR of $165–$175 pushing NOI above $700K
• Prime Transit-Oriented Location — Positioned at the I-5 corridor (Exit 162) with direct access to Boeing Field, Downtown Seattle, and the Port, drawing a resilient mix of corporate, aviation, and leisure demand
• Significant Land & Zoning Optionality — 28,000 SF lot with NC-55 zoning offers long-term redevelopment potential beyond hospitality use
• Operational Advantages — Ample surface parking, fitness room, guest laundry, elevator, and full sprinkler system in a modernly constructed 1992 building
• Barrier-to-Entry Submarket — Limited new hotel supply in Georgetown combined with a built-in referral network from neighboring businesses
Property Facts
| Price | $7,300,000 | Building Size | 22,452 SF |
| Price Per Room | $140,385 | No. Rooms | 52 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1992/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 0.64 AC | Corridor | Interior |
| Zoning | NC3-55 (M) | ||
| Price | $7,300,000 |
| Price Per Room | $140,385 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 22,452 SF |
| No. Rooms | 52 |
| No. Stories | 3 |
| Year Built/Renovated | 1992/2023 |
| Tenancy | Single |
| Parking Ratio | 0.54/1,000 SF |
| Corridor | Interior |
| Zoning | NC3-55 (M) |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $405.00 | - |
| Guest Room | 44 | $397.00 | - |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 692070-0025 | Improvements Assessment | $5,113,700 |
| Land Assessment | $1,399,800 | Total Assessment | $6,513,500 |
Property Taxes
Parcel Number
692070-0025
Land Assessment
$1,399,800
Improvements Assessment
$5,113,700
Total Assessment
$6,513,500
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The Georgetown Inn | 6100 Corson Ave S