Hodges Ward Elliott sells downtown hotel

The firm sold the AC Hotel Seattle Bellevue/Downtown to lshin Aju Hotel Bellevue for $87 million.

Hodges Ward Elliott (HWE), the world’s leading independent hotel brokerage and investment-banking firm, with offices in New York, Atlanta, Los Angeles and London, announced they represented WPPI Bellevue AC, LLC in the recent $87,000,000 sale of the AC Hotel Seattle Bellevue/Downtown (“AC”) to lshin Aju Hotel Bellevue LLC.

Hodges Ward Elliott President Mark Elliott and Senior Vice President John Sonnier represented the seller in the transaction with the assistance of Michael DiPrima and Rick Rush in the Los Angeles office.

WPPI Bellevue AC, LLC developed the AC Seattle Bellevue/Downtown, which opened August 2017.

The AC Bellevue is located at 208 106th Place Northeast in downtown Bellevue, Washington. The seven-story property contains 234 rooms, two levels of underground parking, 1,487 square feet of meeting space, the AC Lounge, the AC Kitchen, the AC Store, the AC Library and a fitness center.

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