Eagle Hospitality Properties Trust 8.25% Series A Cum PFD (EHPTP)

[vpagano]

Seattle Hilton sold last week:

http://www.costar.com/News/Article/Seattle-Hilton-Hotel-Sold-for-$63M/142492

AEW Capital Management of Boston acquired the 250-room Seattle Hilton Hotel at 1301 6th Ave. in Seattle, WA from RC. HeDreen Co. for $63 million, which included approximately $5.8 million in furniture, fixtures and equipment. This equates to a price per room of approximately $229,000.

The 24-story, 332,210-square-foot hotel was built in 1969 on almost half an acre in Seattle's central business district. The Hilton-branded hotel sold with an average occupancy of 84 percent and an average room rate ranging from $199 to $250 per night.

Chris Burdett of CBRE represented the seller.

Please see CoStar COMPS #2553827 for more information regarding this transaction.