Seattle, WA
Seattle Hotel Market: A Shining Beacon of the Pacific Northwest | By Eileen Bosworth
A key driver of Seattleâs 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 Yearâs Day in 2024. Both events emphasized the cityâs 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.
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 centerâs 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 Seattleâa 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 IHGâs 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 Trustâs 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 Trustâs 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 Deltaâs direct route to Taiwan in June 2024; Lufthansaâs 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, Seattleâs strong leisure and group demand dynamics, significant investments coming to fruition, and somewhat limited new supply pipeline herald a bright future for Seattleâs downtown hotels.
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Seattle, WA
VIDEO: Mayor Wilson proposes renewing, expanding Seattle Transit Measure by doubling the sales-tax percentage that funds it.
Through the end of this year, 0.15% of the sales tax you pay funds the voter-approved Seattle Transit Measure. That would double to 0.30% if the City Council and Seattle voters approve the renewal/expansion that Mayor Katie Wilson officially introduced this afternoon. She said it’ll make living in Seattle more affordable by enabling more people to “live car-free or car-light.” She acknowledged that raising the sales tax isn’t ideal but noted that it’s one of the few revenue-raising tools available under state law. Besides paying for more transit – 280,000 additional Metro bus trips a year, 100,000 more than the current measure funds – it also would pay for 22,000 free ORCA transit passes, more than double what the city provides now, said acting SDOT director Angela Brady during the announcement event at City Hall. The passes are now available to Seattle Promise scholars, low-income Seattle Preschool Program families, and Seattle Housing Authority residents. The measure’s renewal/expansion would also make those passes available to Housing Choice Voucher participants.
The mayor’s announcement says the Transit Measure isn’t just about buses: It also would “support the design and delivery of Sound Transit’s West Seattle Link Extension, Ballard Link Extension, and Graham Street Station.” The 0.30% sales tax would generate an estimated $138 million average per year for the 10 years of this measure, which is proposed to go to voters in November. Council review starts this Thursday and will be led by District 1 City Councilmember Rob Saka, who chairs the council committee that oversees transportation. We’ll add the specific text of the proposal when we get it; the slide deck for Thursday’s council meeting is now available, and we’ll add some highlights from that soon.
Seattle, WA
Seattle mayor is violating city law over CCTV cameras ahead of FIFA World Cup, CM says
SEATTLE — With less than two weeks before Seattle hosts matches during the 2026 FIFA Men’s World Cup, Seattle City Council Public Safety Committee Chair Bob Kettle is escalating his criticism of Mayor Katie Wilson’s decision not to activate newly installed CCTV cameras in the Stadium District and suggesting she is violating established law.
In a sharply worded letter sent Monday, Kettle argues that the mayor’s decision to pause activation of the city’s Technology-Assisted Public Safety Pilot Program is inconsistent with city law and the ordinances approved by the Seattle City Council.
RELATED | Mayor Wilson hosts discussion on surveillance and security, takes questions from public
“I believe that she is not operating according to the ordinances, the law with respect to the stadium ordinances, and her duties under the charter,” Kettle said in an interview on Tuesday.
The dispute centers on 22 CCTV cameras that have already been installed in and around Seattle’s Stadium District but remain inactive as city leaders debate privacy concerns and the circumstances under which the system should be used.
Kettle said the approaching World Cup is what prompted him to send the letter.
“Basically, we’re less than two weeks out from the World Cup, and we’re not ready,” Kettle said. “We have capacity with these stadium cameras, they’re up, they’re installed, but they’re not turned on.”
In his letter, Kettle argues that the council already approved the surveillance technology through council-approved ordinances, specifically outlining the limited circumstances under which the program can be paused.
According to Kettle, those conditions include situations where the city is compelled to release camera data for civil immigration enforcement, gender-affirming care investigations, or reproductive healthcare matters, or when city leaders determine the technology is being used for those purposes.
RELATED | City leaders say Seattle ready for World Cup, despite concerns with surveillance, drones
“Neither condition has occurred that would merit a temporary program pause,” Kettle wrote.
The councilmember contends that the Seattle Municipal Code and the approved surveillance impact report provide no authority for the mayor to indefinitely delay the program’s implementation beyond those specified exceptions.
The mayor’s office has defended its position, saying activation decisions will be guided by public safety experts and intelligence assessments ahead of the World Cup.
“Mayor Wilson continues to consult public safety officials regarding circumstances that might warrant use of the expanded set of cameras during the FIFA World Cup,” the mayor’s office said in a previous statement. “We appreciate councilmembers’ perspectives, and those will be part of ongoing discussions.”
The previous statement continued:
“With regard to credible threats: Identifying a credible threat involves multiple experts from federal, state, and local agencies monitoring and assessing various streams of information. In collaboration with one another, they weigh incoming intelligence and jointly recommend whether to elevate security operations. Mayor Wilson’s decision whether to activate the Stadium District cameras will be informed by this group’s recommendation.”
The mayor’s office has been asked if there is a change in perspective given Kettle’s letter. In a new statement obtained by KOMO News on Tuesday, the mayor’s office said Wilson’s position remains “unchanged.”
“Per our legal review, we believe council has the authority to pause the use of adopted surveillance technology but cannot require its use,” the mayor’s office said in Tuesday’s statement. “The Mayor is ensuring that our use of surveillance technology is protective of civil rights, liberties, and privacy and provides sufficient data privacy safeguards. The Mayor has a duty to make sure our use of these technologies is responsible.”
Kettle argues that waiting for a specific threat before activating the cameras misunderstands modern security planning.
SEE ALSO | Seattle mayor’s verbal missteps prompt national and viral attention, leadership questions
“There are credible concerns,” Kettle said, citing worries about drones and other security issues surrounding a major international event.
He pointed to examples, including the 1996 Atlanta Olympic bombing and the 2013 Boston Marathon bombing, arguing that public officials often do not receive advance warning before attacks occur.
“This idea that you’re going to get a credible threat warning is not right. It’s not the professional standard,” Kettle said. “The 22 cameras are installed, they’re ready to go, they just need to be turned on.”
Opponents of the camera expansion have raised concerns that footage could potentially be sought by federal immigration authorities or used in ways that conflict with Seattle’s sanctuary city policies.
Kettle dismissed those concerns, arguing that the council built extensive safeguards into the legislation governing the cameras.
“We don’t have facial recognition,” Kettle said, noting the city established restrictions and oversight measures as part of the technology program.
He also argued that federal agencies have their own surveillance capabilities and do not need Seattle’s camera network to conduct enforcement operations.
Kettle said he sought legal guidance before sending the letter and believes the mayor’s decision is inconsistent with the ordinances governing the program.
“I asked the question, if Mayor Harrell had to do all this in terms of ordinances, why is it that Mayor Wilson does not?” Kettle said. He said attorneys reviewing the issue identified concerns centered on the language governing when the program may be “paused.”
While Kettle stopped short of calling for legal action against the mayor, he said he wanted to publicly highlight what he views as a conflict between the administration’s actions and council-approved law.
“Her move related to the pause is not right, and essentially a violation,” Kettle said.
Kettle said Seattle is the only one of the 11 World Cup host cities that does not have its full camera system operational and warned that the city is running out of time.
“We have to take action now to get ourselves ready for the World Cup,” he said. “That is ensuring that we have all the pieces in place, and that we’re using the capacities that we have to their full ability.”
Kettle said he was scheduled to meet with members of the mayor’s team on Tuesday and hopes a resolution can be reached before the first World Cup matches arrive in Seattle.
Seattle, WA
Melinda French Gates is done ‘cheering on Seattle from the sidelines’ — she’s buying into the bet to bring the Sonics back | Fortune
Melinda French Gates, a billionaire philanthropist and businesswoman, will join the Seattle Kraken as a minority investor, pending NHL approval.
French Gates, 61, is the ex-wife of Microsoft co-founder Bill Gates. She and her $30 billion net worth, according to Forbes, join an ownership group headlined by majority owner and managing partner Samantha Holloway, as well as investors David Wright, Andy Jassy and longtime Hollywood producer Jerry Bruckheimer.
“As a longtime Seattle resident, it means a lot to me to have the chance to make this investment in our city and its future,” French Gates said in a statement. “I’m a big believer in the power of sports, and after many years of cheering on Seattle from the sidelines, I’m excited to have an even deeper connection to the Seattle sports community.”
French Gates has never previously had an ownership stake in a major professional sports franchise. She will do so at a time when the Kraken ownership group is positioning itself to own an NBA franchise should the NBA return to the Emerald City for the first time since the SuperSonics were relocated to Oklahoma City nearly 20 years ago.
In March, the Kraken ownership group announced the creation of One Roof Sports and Entertainment, which serves as the umbrella brand of the organization to “oversee a growing portfolio of properties and fuel new opportunities.” At the time, Holloway announced that One Roof would pursue an NBA team in Seattle, should the league move forward with expansion.
Holloway also announced in March that the group had entered an agreement to purchase additional equity in Climate Pledge Arena from Oak View Group, and would make the organization the majority owner of the building. OVG has retained a minority stake.
French Gates, who grew up in Dallas and received a bachelor’s degree in computer science and economics, as well as an MBA from Duke, currently heads Pivotal, a group of organizations she founded to accelerate the pace of social progress for women and young people in the United States and around the world.
French Gates previously founded and co-chaired the Gates Foundation, the world’s largest philanthropy.
“I am excited to welcome Melinda to our ownership group,” Holloway said in a statement. “Melinda is an impressive business leader, philanthropist and importantly, a Seattle sports fan. We share many of the same values, including a deep commitment to Seattle and a belief in building organizations that create lasting impact.”
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