Seattle

Waterfront

  • 232 rooms
  • Four-story building constructed on Piers 67/68

Appraisal of Leasehold Interest

Edgewater Hotel
232-Room Luxury Hotel

This full service boutique luxury hotel was originally constructed in 1962 for the World’s Fair.  It is subject to an aquatic lands lease with the DNR.  The current 30-year lease term began in 2001. The Sale Comparison and Income Approaches were both used to value this property, with the Income Approach being considered most relevant for the property type.

Seattle

Waterfront

  • 232 rooms
  • Four-story building constructed on Piers 67/68

Appraisal of Leasehold Interest

Seattle, Bellevue and Redmond

  • 179,  152, and 144 rooms, respectively
  • Seattle and Bellevue  constructed in 2004, Redmond in 1984

Appraised for mortgage financing

Silver Cloud Hotels
Three-Property Portfolio

Three properties operating as part of the Silver Cloud chain of hotels.  Seattle and Bellevue are newer six-story buildings with underground parking. Redmond is a four-story building with surface parking.  Redmond was originally constructed in 1984, and underwent a significant expansion in 1997-98.

Seattle, Bellevue and Redmond

  • 179,  152, and 144 rooms, respectively
  • Seattle and Bellevue  constructed in 2004, Redmond in 1984

Appraised for mortgage financing

The Dalles, OR

Approximately 80 miles east of Portland, along SR-84

  • 26,648 sf GBA
  • Two acre site

Appraised for First Independent Bank

 

Motel 6
70-Room Limited Service Motel

Two-story wood frame motel with good arterial visibility; constructed in 1984.  The property was in use as an Econolodge and a Days Inn, before being purchased in 2006 and renovated.  It was then reflagged as a Motel 6.  As the basis for valuation, the Sale Comparison and Income Approaches were used.

The Dalles, OR

Approximately 80 miles east of Portland, along SR-84

  • 26,648 sf GBA
  • Two acre site

Appraised for First Independent Bank