JLL’s Hotels & Hospitality group has secured acquisition financing for the Residence Inn Seattle East/Redmond, a 180-room hotel located in Redmond, WA.

Working on behalf of the new owner, Clearview Hotel Capital LLC, JLL secured a five-year, fixed-rate loan through a low-cost, life insurance-based lending group offering highly favorable financing terms.

The property features suites with full kitchens, refrigerators, microwaves, dishwashers, stovetops and living areas. Amenities and services include complimentary WiFi, an outdoor pool, a 600-sq.-ft. meeting space, a fitness center, digital check-in and a grab-and-go market.

The hotel is located within the Redmond Town Center mixed-use development. This area has more than 120 stores, 20 restaurants, fitness studios and healthcare amenities. Redmond also benefits from its close proximity to Sammamish and Bellevue, according to JLL. Additionally, the community is a hub for technology, aerospace and logistics companies, with Microsoft, Amazon, Meta, UPS, Nintendo and Honeywell all having established campuses in the area.

The JLL Debt Advisory team was led by Managing Director Mike Huth and Director Shalin Patel, with support from Senior Analyst James Bermingham.

“The hotel is one of the few premium-branded, extended-stay assets in Redmond and is also uniquely situated within the context of Redmond Town Center, enabling it to retain lasting competitive differentiation in this submarket,” said Huth.

Patel added, “Residence Inn Seattle East/Redmond is consistently able to garner outsized market share and generates remarkable cash flow, attracting both yield-oriented buyers and lower-cost lending groups.”

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