Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 128-room Hilton Garden Inn Seattle Bothell (“Hotel” or “Property”), situated at 22600 Bothell Everett Hwy Bothell, WA 98021.
The acquisition of the Hilton Garden Inn Seattle/Bothell presents the unique opportunity to purchase an upscale, institutional-grade property in this thriving Puget Sound suburb 20 miles north of Seattle. A four-story, 128-room asset, the Hotel is located two miles from Downtown Bothell and is proximate to a diverse array of demand sources. New ownership can capitalize on the potential to revamp the Property’s operational strategy, recapture lost market share and implement strategic cost controls to drive upside.
As the only full-service and premium-branded product in Bothell, the Hilton Garden Inn features an on-premises bar and grille and 3,300 square feet of meeting space. The city, situated along the Sammamish River on the northeast side of Seattle, is known for its accessible riverfront location adjacent to established commercial corridors. Specifically, Canyon Business Park sits just one mile from the Hotel and is the site of numerous companies including Microsoft, AGC Biologics, Seagen/Pfizer, and Portal Space Systems. The city is also home to the University of Washington Bothell and Cascadia College, both within four miles of the Hotel and with a collective enrollment of 9,000 students.
Though the Hotel achieved a 98.3% RevPAR index for the November 2025 TTM period, it has previously commanded premium indices in the mid 120% to 130% range. This indicates there is potential for growth by focusing on increasing occupancy to capture a fair share of the market’s roughly $89 RevPAR (as of November 2025). By implementing cost containment efficiencies, improved revenue management and a local sales effort, investors should achieve NOI levels similar to the Property’s prior peak. Bothell’s versatile economy also continues to grow, and Seattle’s greater market outlook is positive, particularly due to growth across tech and AI industries and upticks in tourism from the World Cup. With no hotels under construction in the submarket, there is no risk of new competitive hotel supply. Bothell stands out as a dynamic and compelling investment market in the Pacific Northwest.
Investment Highlights
Premier, Institutional Quality Asset in Seattle Suburb
The Hilton Garden Inn Seattle/Bothell is Bothell’s only full-service, premium-branded asset, and it features on-site dining and 3,300 square feet of meeting space. Only 20 miles from downtown Seattle, the Hotel is located within a bustling Puget Sound suburb and benefits from significant accessibility and proximity to numerous transit options.
Strong Historical Performance with Proven Ability to Drive RevPAR Upside
Though the Hotel commanded premium RevPAR indices in the mid 120% to 130% range from 2016-2019, it only achieved a 98.3% RevPAR penetration for the November 2025 TTM period. Improved revenue management and a local sales effort should regain proven market share, thereby increasing top line revenue.
Diverse Economy Anchored by Various Sources of Regional Demand
Bothell’s diverse economy is supported by various sources of aviation, biotech, research, and university-related demand. Specifically, the Hotel is just one mile from the Canyon Business Park, home to Microsoft Data Center Phillips Ultrasound, Seagen/Pfizer and Panasonics Avionics Corporation. The University of Washington-Bothell and Cascadia College similarly generate demand for the Hotel.
Ongoing Downtown Revitalization Promoting Commercial Vitality
Bothell’s Downtown Revitalization plan targets Main Street Bothell, situated less than three miles from the Hotel, and aims to promote increased business vitality throughout the area. The initiative encourages future mixed-use development and is gradually being implemented to support increased demand. New investors can capitalize on this anticipated growth and associated tourism.
Well Located Near Premier Wineries, Retail, and Recreation Attractions
Bothell's prime suburban location is nearby the state's foremost wine tourism and retail attractions. Within a few miles of the Hotel, guests can readily access over 150 wineries, breweries, and spirits distilleries, as well as Washington's second largest shopping mall.
No New Supply in Submarket
There are no hotels under construction in the Seattle North/Everett submarket, minimizing the threat of new competition for the Hotel, and increasing opportunities for improved RevPAR.
Fee-Simple, Unencumbered by Management, & Offered Well-Below Replacement Cost
The Hilton Garden Inn is being offered fee-simple, unencumbered by management, and well-below replacement cost. An investor possesses the opportunity to bring in a new management company or to act as an owner/operator and seek to revamp the operational strategy of the Hotel, implement strategic cost control initiatives, and employ more aggressive yield management strategies.
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