Provenance Hotels and NBP Capital Partner to Purchase Seattle's 151-room Roosevelt Hotel
February 17, 2015 7:34am
Opened in 1930, the 151 room Roosevelt Hotel is located at the intersection of 7th Avenue and Pine Street in downtown Seattle, across the street from the Washington State Convention Center, steps from the central business district, in the heart of the retail core, just a few blocks from Pike Place Market and the waterfront. The acquisition of the Roosevelt Hotel is the second joint acquisition for NBP Capital and Provenance Hotels in two weeks. Earlier this month, they announced their purchase of the historic Woodlark and Cornelius buildings in downtown Portland, Ore. and intent to launch an adaptive reuse project that will renovate the properties into a 150 room hotel.
"We're delighted to deepen and strengthen our partnership with Provenance Hotels, an owner and operator with an unimpeachable track record in the lifestyle space and expert knowledge of the Seattle market," said Lauren Noecker Robert, Managing Member of NBP Capital.
"With their history of savvy investment and our shared vision, partnering with NBP Capital to return the Roosevelt Hotel to its rightful place among Seattle's top hotels is a natural. We have been and continue to be bullish on the Seattle market and we are confident we can lead the Roosevelt to success in the dynamic downtown environment," said Gordon Sondland, Founder and CEO of Provenance Hotels.
"Sentinel, which we opened last year, has become Portland's living room - a place where locals and visitors gather and mingle. We aim to create the same experience at the Roosevelt," added Bashar Wali, Principal and President of Provenance Hotels. "Our first order of business is to bring a restaurant to the space that the city can be proud of - much like we did around the corner with Miller's Guild at Hotel Max. As with all our hotels, we also plan to incorporate an art component and curate local products to make the Roosevelt truly a Provenance experience that channels the best Seattle has to offer."
When completed, the project will join Hotel Max and Hotel 1000 as Provenance Hotels' third owned and operated hotel in Seattle. The company also owns and manages Portland's Hotel Lucia, Hotel deLuxe and Sentinel as well as Hotel Murano in Tacoma, Wash. and Hotel Preston in Nashville, Tenn. Provenance Hotels is slated to open the Old No. 77 Hotel & Chandlery New Orleans in spring 2015 and is developing a hotel in the Woodlark and Cornelius buildings in Portland with NBP Capital. In addition Provenance Hotels owns the Westin Portland and Paramount Hotel in Seattle.
Tags: provenance hotels,
nbp capital partner,
Contact: Kate Buska, Public Relations Director
Provenance Hotels Appoints Executive Team to Lead Portland's Dossier Hotel
Provenance Hotels Appoints Andrew Heilmann as Vice President of Acquisitions & Development
Sonnenblick-Eichner Company Arranges $29,200,000 of First Mortgage Financing for the Old No. 77 Hotel & Chandlery, New Orleans, LA on Behalf of Provenance Hotels
The Mount Vernon Company Teams Up with Provenance Hotels to Open Boston’s The Revolution Hotel
Provenance Hotels Partners With Eleven and Blueport to Deploy Personal Area Networks for Seamless Casting in the Guestroom
Managed by Provenance Hotels, Portland’s Historic Heathman Hotel Undergoing Renovation
Provenance Hotels Names John Price Southeast Regional Director of Operations
Provenance Hotels to Manage Portland's 150-Room Heathman Hotel
Sonnenblick-Eichner Company Arranges $236,750,000 of First Mortgage Financing for Seven Provenance Hotels
Provenance Hotels Eases Booking Process, Increases Revenue with Social Tables
Provenance Hotels Names Executive Team for the Old No. 77 Hotel & Chandlery in New Orleans
The Old No. 77 Hotel & Chandlery to Open in Spring 2015 in New Orleans Featuring 167 Guest Rooms
Chris Lorino Appointed Washington Regional Director of Operations for Provenance Hotels
Provenance Hotels and Thayer Lodging Group Partner to Acquire the 120-key Hotel 1000 in Seattle, WA
Provenance Hotels & Woodbine Development Open the 100-room Sentinel in Portland, Oregon
Provenance Hotels Completes $2.3 Million Guest Room Renovation for Hotel Lucia in Portland, Oregon
Provenance Hotels Appoints Kevin Scott as General Manager for the 163-room Hotel Max in Seattle, WA
GB Lodging and Provenance Hotels Partner to Purchase the 165-room Ambassador Hotel in New Orleans
Bolour Associates and Provenance Hotels to Develop 104-room Beachfront Hotel in Los Angeles County
Please login or register to post a comment.