JLL arranges $30.8M refinancing for Seattle extended-stay hotel

PHOENIX, Oct. 7, 2026 - JLL's Hotels & Hospitality Group announced today that it arranged $30.8 million in refinancing for the Hyatt House Seattle/Downtown, a 172-key, extended-stay hotel located at 201 Fifth Ave. N in Seattle.

JLL worked on behalf of the borrower, Kauri Investments, to secure a five-year, floating-rate loan. JLL Derivatives also arranged and negotiated a novel interest-rate hedge associated with the transaction that resulted in a reduced fixed rate to achieve a desired debt service coverage target.

Developed by Kauri Investments and opened in 2015, the Hyatt House Seattle/Downtown recently completed a substantial renovation that refreshed guestrooms and common areas. The hotel features studio, den and one-bedroom suites with full kitchens, complimentary breakfast, a 24-hour fitness center, a rooftop deck and below-grade parking. The property's extended-stay format and suite configuration position it to serve both business and leisure travelers seeking longer-duration accommodations in Seattle's urban core.

Located at the base of Seattle Center within the South Lake Union and Lower Queen Anne district, the hotel sits directly across from the Space Needle and adjacent to Climate Pledge Arena. The property benefits from proximity to major employment centers, including the headquarters of leading technology companies, life sciences institutions and healthcare organizations, while also drawing demand from Seattle's tourism destinations, convention activity and year-round entertainment venues.

The hotel is operated by The Hotel Group, an affiliate of Hotel Equities, a regional hospitality management company with nearly 40 years of experience managing more than 300 properties throughout the United States and Canada. The property is also one of only two Hyatt select-service hotels in downtown Seattle.

"It has been a pleasure, once again, to work with Adrienne and her team in a challenging environment to reach a successful financing conclusion," said Kent A. Angier, President & COE of Kauri Investments, Ltd.

The JLL Hotels & Hospitality Group team was led by Managing Director Adrienne Andrews and Analyst Jessica Mehra.

"Kauri has remained committed to this asset since its development and recently completed a significant capital investment that further enhanced its competitive position," said Andrews. "The combination of an established operating history, refreshed product and one of Seattle's most recognizable lodging locations resonated with lenders and enabled us to deliver the flexibility the sponsor was seeking."

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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