Pacific Northwest Hotel Development, Construction & Transactions

Hotel development and investment activity across Oregon and Washington reflects a pipeline concentrated in the upscale and midscale tiers, with several large-scale projects advancing through planning stages. Lodging Development currently tracks 44 projects totaling 5,998 rooms in the Pacific Northwest, alongside 17 recent openings and 29 sales transactions recorded over the past 18 months. Transaction volume among deals of $10 million and above has exceeded $741 million, underscoring the region's continued relevance as a destination for institutional hotel capital.

Among the projects currently tracked by Lodging Development in the Pacific Northwest, the upscale tier leads the pipeline with 13 projects accounting for 1,994 rooms. Midscale and upper midscale projects add another 15 combined, while 11 projects remain at an undetermined scale, contributing 1,725 rooms. Two upper upscale projects totaling 293 rooms round out the branded pipeline. Notable projects in planning include the 317-room Bellevue 106 Hotel and Residence, an unaffiliated development by Onni Property Management Services in final planning, and a 300-room dual-branded SpringHill Suites and TownePlace Suites near SeaTac, being developed by Synergy Construction. In eastern Washington, Eternal Hotels is advancing a 160-room Best Western in Richland, while Puget Sound Hospitality has a 140-room dual-branded Hyatt Studios and Hyatt Select in planning for Puyallup.

Over the past 24 months, 17 hotels totaling 2,261 rooms have opened across Oregon and Washington. The most recent is the 107-room Home2 Suites Pasco Tri-Cities Airport, which opened in mid-June 2026. Earlier in the year, a 129-room La Quinta Inn and Hawthorn Suites opened in Leavenworth in early March, followed by the 249-room Element Seattle Downtown in mid-February. Upper upscale openings have included the 164-room SOMM Hotel & Spa, Autograph Collection in the fall of 2025 and the 120-room Populus Seattle in late May 2025. Portland welcomed the 178-room Cambria Hotel in its Pearl District in August 2025.

In recent transaction activity across the Pacific Northwest, Lodging Development has tracked 29 hotel sales of $10 million and above over the 18-month period ending in early 2026. Documented sale prices are available for 27 of those transactions, totaling approximately $741.7 million in aggregate volume. Among the most notable deals, the 304-room Marriott Tacoma Downtown traded for $50 million in late January 2026, acquired by Acore Capital Mortgage. The 503-room Portland Marriott Downtown Waterfront sold for approximately $30.1 million in early February 2026 to Sculptor Capital Management. In the luxury segment, the 120-room Hotel 1000, Unbound Collection in Seattle changed hands in January 2026 for roughly $19.8 million, with Envision Hotel Partners as the buyer.