Blackstone Sells 180-Room Residence Inn by Marriott in Redmond for $34MM

Another hotel property in the Puget Sound region has traded hands, this time in Redmond. The buyer was an entity that shares an address with Clearview Hotel Capital, a hospitality investment firm, and the seller was an entity affiliated with Blackstone Real Estate, according to King County property records. The sales price was $34 million, or approximately $188,888 per room.

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