Hospitality Business for Sale in Tukwila, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Tukwila, WA 98168
  • Year built: 2026

Description

Marcus & Millichap has been chosen to exclusively market for sale the Candlewood Suites & avid Dual-Brand Development, a 100-key, five-story hotel to be built in the Seattle MSA. The planned project, located in the SeaTac/Tukwila area, will combine amenities such as avid's free breakfast and 24-hour coffee with Candlewood’s fully-equipped kitchens and free laundry facilities. The Tukwila/SeaTac submarket as a whole is a transportation-driven area centered on airport and highway access, making it a strong hub for logistics and industrial activity. The 0.91-acre site is ideally situated off Interstate 5 and just one mile from Seattle-Tacoma International Airport, which accommodated more than 52 million passengers in 2024. The region hosts a major Boeing spare parts facility and boasts a high concentration of hospitality, logistics, and aviation-related businesses, creating over 35,000 jobs. Alaska Airlines corporate headquarters is located nearby and features a newly opened training facility that will bring thousands of employees to the immediate area annually. The site is also located just nine miles to Downtown Seattle and its world-renowned tourist attractions. The Candlewood Suites & avid Dual-Brand Development represents the opportunity to acquire a well-located hotel site and develop an IHG-branded hotel in a strong market. The hotel will benefit from excellent brand recognition and a location in a high-traffic area ideal for the brand's target market. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Seattle region. Investment Highlights: • Well-Appointed Five-Story, IHG-Branded Hotel to be Built in the Seattle MSA • Plans Include a Sleek Design, Shared Amenities and an Onsite Parking Structure • Candlewood Suites & avid Dual-Brand is a Rapidly Growing Concept • Versatile Target Market: Families, Short-Term, and Extended-Stay Visitors • 1 Mile to Seattle-Tacoma International Airport (52.6M+ P

Market Context

This hospitality in Tukwila, WA is listed for sale. The building dates to 2026. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Tukwila, WA — <a href="/search/sale/hospitality/washington/tukwila">view the full market</a>.

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