Connect with us

Seattle, WA

Seattle Hotel Market: A Shining Beacon of the Pacific Northwest | By Eileen Bosworth

Published

on

Seattle Hotel Market: A Shining Beacon of the Pacific Northwest | By Eileen Bosworth


A key driver of Seattle’s leisure demand is its cruise industry. In 2023, the number of Alaska cruises reached 291, a record number compared to 213 in 2019. The Port of Seattle estimates the annual impact of a cruise season on the region at $900 million. This demand particularly benefits local hotels, as passengers typically stay overnight in Seattle before and/or after their trip.

While downtown hotel occupancy for 2023 did not reach the low 80s of year-end 2019, the recovery trajectory remains positive, supported by relatively robust growth in 2023. From June through September, occupancy levels trended in the low-to-mid 80s as major concerts by artists such as Taylor Swift, Beyoncé, Coldplay, Ed Sheeran, and George Strait drew significant crowds to Seattle. Downtown ADR increased moderately in 2023, largely attributed to a strong first quarter, followed by softer growth for the remainder of the year due to the national economic environment and reduced discretionary spending.

The city successfully hosted an estimated 100,000 attendees during the MLB All-Star Week Midsummer Classic in 2023 and approximately 40,000 attendees at the NHL Winter Classic at T-Mobile Park on New Year’s Day in 2024. Both events emphasized the city’s ability to accommodate major sports games. Looking forward, Seattle will host several matches of the 2026 FIFA World Cup series.

Corporate demand recovery continues to be influenced by Downtown Seattle office vacancies. According to market participants, Amazon is expected to generate 290,000 room nights in 2024, which is approaching the peak of 335,000 room nights in 2019. Beginning in May 2023, Amazon mandated that employees work from the office at least three days per week, and a full-time return to office is expected in early 2024. Meta, another major tech employer in the region, currently has a similar in-office mandate of three days per week.

Advertisement

In January 2023, the $1.9-billion Summit building was completed as a 573,770-square-foot expansion of Seattle Convention Center (SCC), nearly doubling the center’s event capacity and putting it into the category of convention centers with one million-plus square feet of exhibit space. The expansion allows SCC to compete more effectively for large national conventions against competitive facilities in San Diego, San Francisco, Las Vegas, and Anaheim. While the number of events for 2023 exceeded historical levels, attendance levels were muted comparatively. The 2024 booking pace suggests a positive outlook for 2024, particularly as Microsoft plans to host all future events in Seattle—a major upside for SCC.

Notable hotel renovations in 2023 include upgrades to the premier suites and meeting space at the Four Seasons Hotel; a $25-million renovation at the Fairmont Olympic, which is celebrating its 100th anniversary in 2024; and a multimillion-dollar renovation at Hotel 1000, including the addition of a new cocktail bar. In terms of hotel openings, the 265-room Astra Hotel, a Tribute Portfolio Hotel, opened in South Lake Union in 2023. New supply to watch in 2024 includes the 120-room boutique Hotel Westland (fall of 2024), a 175-room AC by Marriott in South Lake Union, and the highly anticipated, 251-room InterContinental Bellevue at The Avenue in Bellevue. This luxury property is expected to become IHG’s West Coast flagship hotel.

Noteworthy hotel transactions in 2023 included the sale of the Residence Inn by Marriott Seattle South/Renton ($380,137 per key) in October, as well as Pebblebrook Hotel Trust’s sale of the Kimpton Hotel Vintage ($33.7 million at $269,600 per key) and the Kimpton Hotel Monaco ($63.25 million at $334,656 per key) in May. Pacifica Hotels, the buyer of Hotel Vintage, plans to conduct an extensive guestroom and public-area renovation, with a relaunch of the hotel expected by end of 2024. InnVest, the buyer of the Hotel Monaco, plans to reposition this property with a comprehensive renovation. With more than ten CMBS loans secured by hotels coming due in the next two years in the Seattle metropolitan area, hotel investors are closely watching this market. However, despite Pebblebrook Hotel Trust’s exit from Seattle, the recent acquisitions also indicate a strong appetite for the Seattle market and faith in its continued recovery.

The coming year is expected to be boosted by a robust cruise season, higher foot-traffic levels in Downtown Seattle, a positive booking pace at the SCC, and a vibrant lineup of events, with headliners such as Madonna and Tim McGraw. Additionally, a more meaningful return of international travel is expected due to new flight routes announced for 2024, such as Delta’s direct route to Taiwan in June 2024; Lufthansa’s nonstop route expansion to Munich, Germany, by May 2024; and the seasonal Alaska Airlines route to Nassau, Bahamas, from December 2023 through April 2024. The opening of the Ocean Pavilion at the Seattle Aquarium this summer should further boost leisure travel downtown. Going forward, the planned 2025 completion of the Seattle Waterfront Park connecting Downtown/Pike Place Market with the Waterfront promenade is expected to bolster leisure demand as well.

Despite the lagging recovery of the corporate demand base, Seattle’s strong leisure and group demand dynamics, significant investments coming to fruition, and somewhat limited new supply pipeline herald a bright future for Seattle’s downtown hotels.

Advertisement

Sources:

View source



Source link

Seattle, WA

The Man Behind Saint Bread, the Wayland Mill, and Tivoli

Published

on

The Man Behind Saint Bread, the Wayland Mill, and Tivoli


Yasuaki Saito often hides in plain sight at his restaurants.

Yasuaki Saito’s restaurants are more famous than he is. Saint Bread, his University District waterfront bakery, was called one of the country’s best bakeries by The New York Times and got longlisted for the James Beard Awards last year. This year the Wayland Mill, his Japanese-inspired all-day café and restaurant in Wallingford, is up for the James Beard Award for Best New Restaurant. If you’ve eaten at Saito’s restaurants, you may have unknowingly met the shaggy-headed fortysomething when he greeted you at his Fremont pizzeria, Tivoli, or made your coffee at Saint Bread.

Saito has a way of fading into the background. He resembles a kind-eyed roadie who’s happy to lend you his dog-eared copy of Zen and the Art of Motorcycle Maintenance. The kind of guy who, in a notoriously potty-mouthed profession, will respond to accidentally breaking a plate by exclaiming, “Biscuits and gravy!”

He doesn’t curse in anger, Saito says, because he doesn’t want to demonstrate to his team that that’s how you deal with challenges and mistakes. “He is so intentional and really believes in everything that he does,” says chef Sam Smith, who worked with Saito in Portland and consulted on Saint Bread.

Advertisement

When the Wayland Mill opened, Saito spent a lot of time working the register to set the standard for how he wanted guests to be greeted. He often hires people based not on skill level, but on how much they care about hospitality. It’s all part of a formula that has made him one of the most successful Seattle restaurateurs of the past decade.

Saito’s low-key version of leadership shapes his restaurants.

Saito grew up hanging out in the St. Louis teppanyaki restaurant his Japanese immigrant father owned. From age 7, Saito loved the communal, bustling vibe and always wanted to work in restaurants.

It didn’t actually happen until he burned out after a decade working at Borders, quit his job, and wound up helping some friends open the era-defining, now-classic Nopa in San Francisco. In 2014, Saito and his wife moved to Seattle, where he took a job managing the London Plane. Then still relatively new, the ambitious café, bakery, and flower shop in Pioneer Square owned by restaurateur Matt Dillon and florist Katherine Anderson was the ideal landing spot for someone with Saito’s wide-ranging interests.

“He has so much energy and also expertise in so many different things,” says Cassie Woolhiser, who has worked for Saito off and on in various roles for more than a decade. “Like calibrating an espresso machine, but also writing poetry and talking about humanism and how it affects his day-to-day work.”

In 2018, Anderson and Dillon brought Saito on as a partner in London Plane. The following year, he bought Post Alley Pizza, near Pike Place Market, with his longtime coworker Andrew Gregory. They didn’t announce the ownership change publicly, but stealthily reinvented the hole-in-the-wall slice shop, making pies with 24-hour leavened dough and orienting specials around seasonal produce. That transformation would set the tone for Saito’s future ventures: understated but quietly innovative.

Advertisement

Tivoli serves the same pizza as Post Alley, with a few extras.

The London Plane closed in late 2022 when Saito and Anderson declined to renew the lease. By then, Saito had opened Saint Bread, which retains some of that maximalist spirit. It’s a bakery but also a brunch restaurant where the food gleefully borrows from Japan and Scandinavia; an omelet comes topped with pickled ginger and fishy bonito flakes, an egg sandwich on sweet melonpan instead of a roll. In the warmer months, Saint Bread hosts a cocktail stand (Heave Ho) and a wood-fired food cart (Hinoki) in the unassuming space—a repurposed boathouse and a gravel lot—that manages to be so many things at once.   

Saito followed up Saint Bread with Tivoli in 2023, which anchors its menu on the same style of pizza as Post Alley, but adds dishes like a Caesar salad livened up with chicories and chilled pistachio noodles. Then, with last year’s the Wayland Mill, he leaned further into the mash-up concept: a coffee shop where you can work while sampling a pastry or a date-night spot where you can get sake and Buffalo chicken karaage. Saito dubbed the food “yoshoku Americana,” borrowing the term for Japanese versions of Western dishes and injecting it with homegrown nostalgia. It’s a cuisine that has been back and forth across the Pacific a few times but is instantly recognizable. “The yoshoku idea is something I grew up really enjoying,” says Saito. “[It] allowed me to be that hafu, that liminal space of being a Japanese American kid, it helped me maybe come to terms more with my upbringing and my heritage.”

Saito and chef Jim McGurk infused their shared Midwestern backgrounds into Tivoli.

Nostalgia is something of a North Star for Saito’s operations, says Woolhiser. Customers likely didn’t grow up eating the gochujang snickerdoodle at Saint Bread, but they probably recall being warmed by a cookie on a chilly fall day. People haven’t had anything like the delicate biscuits slathered in umami-rich miso-chashu gravy at the Wayland Mill, but all the elements of that dish are familiar—diner fare filtered through Saito’s experience, interpreted by baker Ellary Collins and chef Jim McGurk.

 

Unlike many star restaurateurs, Saito didn’t start out as a chef. He describes his role as an “operator,” someone who has done practically every job in the restaurant but also handles payroll and balances the books. A chef puts together ingredients to make dishes; Saito puts together people to make restaurants.

Advertisement

Making pizza at Saito’s restaurants is just one part of making a guest feel welcome.

“He’s very good at finding great talent, bringing that talent together, and letting people’s talents speak,” says Nicole Sakai, an art director whose agency, Factory North, built the stained-glass window at Saint Bread, among other projects for Saito. He looks for people who have “hospitality in their hearts,” or the Japanese idea of omotenashi, which he roughly defines as “hospitality for the sake of it.” He wants people who understand that baking bread or grilling hamburgers or pulling espresso shots is all in service of making a guest feel welcome. Even people who are exceptional cooks or bakers may not care about that second layer of the work, but Saito needs them to.

It means saying “welcome in” and meaning it, a bit of sincerity you can’t quite describe but feel when you walk in. It means that when a construction worker wanders into the Wayland Mill when it’s closed, Saito will (politely) pause the interview with the journalist he’s conducting to make a coffee. It means that if you say how much you love a cup at the Wayland Mill, as a friend of mine recently did, you may find yourself being given one when you leave.

That hospitality extends beyond paying customers. At the London Plane, people from the neighborhood would wander in from the street in varying degrees of distress. “Sometimes people were destructive, and Yasu had to ask them to leave,” Woolhiser says. “But most of the time, people would just come in and sit down and be like, on their own mental journey, and Yasu would offer them a cup of coffee or ask if they wanted anything.”

The sainted glass window at Saint Bread.

Saito’s philosophy around those interactions is to show up for the world the way that he thinks the world should show up for him. With a glass of water, directions, simply a place to sit for a while. “There’s a version of that help that could actually put that person on a different path,” he says. “And I’m not going to say that I’ve done anything to save anybody’s life or any of those things, but oftentimes it’s small things like that that can help somebody understand that they’re not alone in the world.” 

Some guests might notice this spirit of hospitality, all these layers of meaning. Some of them probably don’t, just as some glaze over the custom stained-glass window at Saint Bread. They don’t need to see any individual action, any tangible evidence of Saito’s hard work. His kindness, his attention to detail, the way he cares about so many things, it all seeps into his restaurants. A vibe, something in the air, the way customers feel after a visit. They might not notice it, but it leaves a mark anyway.

Advertisement



Source link

Continue Reading

Seattle, WA

Trio helps Ottawa beat Seattle 2-0, spoiling return of Torrent captain Hilary Knight

Published

on

Trio helps Ottawa beat Seattle 2-0, spoiling return of Torrent captain Hilary Knight


Sarah Wozniewicz gave Ottawa the lead, rookie Peyton Hemp scored her first goal and Gwyneth Philips posted her first shutout of the season as the Charge blanked Seattle 2-0 on Sunday despite the return of Torrent’s captain Hilary Knight.

Ottawa (6-7-1-9) moved two points in front of the Toronto Sceptres for the fourth and final playoff spot with a match in hand and seven remaining in the regular season.

Seattle Torrent captain, Olympic champion Hilary Knight activated from injured reserve

Wozniewicz was in the right place to bang in a deflection after a shot by Kathryn Reilly hit the skate of a Seattle defender in front of the net at the 9:09 mark of the first period.

Advertisement

Hemp gave the Charge a 2-0 lead when she scored with 1:23 left in the second period. Hemp collected six assists through her first 22 matches.

Seattle began the third period on a two-minute power play after Ottawa forward Brianne Jenner was called for interference in the final second of the second. But Philips was up to the task, finishing with 25 saves.

Corinne Schroeder totaled 27 saves for Seattle (6-1-2-14). She saved a penalty shot by Jenner with 13:58 left to play.

Ottawa came in with a league-high 14 power-play goals but went 0 for 3 against Seattle. The Torrent came up empty on six tries with an extra skater.

Seattle activated Knight from long-term injured reserve before the match. Knight had three goals and seven assists in 14 games before sustaining an injury at the Winter Olympics.

Advertisement

The Charge beat the Torrent for a third straight time following a 4-1 loss in Seattle on Dec. 17.

Ottawa had been the only team without a regulation victory away from its primary home this season.

Up next

  • Ottawa: Hosts the Toronto Sceptres on Wednesday.
  • Seattle: Visits the New York Sirens on Saturday.



Source link

Continue Reading

Seattle, WA

Where to watch Cleveland Guardians vs. Seattle Mariners: Live stream, start time, TV channel, odds for Sunday, March 29

Published

on

Where to watch Cleveland Guardians vs. Seattle Mariners: Live stream, start time, TV channel, odds for Sunday, March 29


The Cleveland Guardians, ranked #1 in the AL Central, face the Seattle Mariners, ranked #4 in the AL West. The Mariners are favored with a moneyline of -170 and a spread of -1.5. Cleveland’s Slade Cecconi (ERA: 4.30) will start against Seattle’s Emerson Hancock (ERA: 4.90).

How to Watch Cleveland Guardians vs Seattle Mariners

  • Time: 7:20 PM ET / 4:20 PM PT

  • Where: T-Mobile Park, Seattle, WA

Advertisement

Team Records

  • Cleveland Guardians: 2-1 (#1 in AL Central)

  • Seattle Mariners: 1-2 (#4 in AL West)

Odds (via BetMGM)

  • Spread: Seattle Mariners -1.5

  • Moneyline: Seattle Mariners -150 / Cleveland Guardians +125

Starting Pitchers

  • Cleveland Guardians: Slade Cecconi (2025 stats: 7-7, ERA: 4.30, K: 109, WHIP: 1.19, BB: 32)

  • Seattle Mariners: Emerson Hancock (2025 stats: 4-5, ERA: 4.90, K: 64, WHIP: 1.38, BB: 31)

Weather: 44°F at first pitch



Source link

Advertisement
Continue Reading

Trending