Candlewood Suites & avid Dual-Brand Development — Sale in Tukwila, WA
- Price: Contact for price
- Listing type: For sale
- Asset type: Hospitality Business
- Location: Tukwila, WA 98168
- Year built: 2026
Photos
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. Compare it against other hospitality listings for sale in Tukwila, WA — view the full market.
Contact
- Clayton Hill · (206) 826-5811 · clayton.hill@marcusmillichap.com
- Gordon Allred · (909) 456-3420 · gordon.allred@marcusmillichap.com
- Joel Deis · (206) 826-5700
- Tyler Waller · (602) 687-6695 · tyler.waller@marcusmillichap.com
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