RobertDouglas Advises on Sale of Marriott Seattle Waterfront
LOS ANGELES, California—RobertDouglas announced that it advised Braemar Hotels & Resorts, Inc. on the sale of the Marriott Waterfront Seattle to a joint venture between Sixth Street Partners and Riller Capital. The 369-key hotel is operated under a long-term management agreement with Marriott International. The sale price of $145 million ($393,000 per key) with anticipated capital expenditures of $7 million represents an 8.1 percent capitalization rate on net operating income for the trailing 12-month period […]
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