Trinity Investments, a Los Angeles-headquartered real estate investment firm, has acquired Seattle’s historic Fairmont Olympic Hotel.
The 450-room luxury hotel opened in 1924 and spans an entire block of Downtown Seattle. The hotel features five dining offerings, 25,000 square feet of event space, street-level retail, and an array of amenities including a 10,800-square-foot health club with an indoor heated pool, and 6,700 square feet of office space. It is listed on the US National Register of Historic Places.
The financial terms of the acquisition were not disclosed. The Fairmont Olympic Seattle recently completed a $22 million capital renovation to transform the public areas, including the debut of the Olympic Bar, the redesign of The George restaurant, and enhancements to all indoor function spaces.
“We are thrilled to acquire Fairmont Olympic Seattle, an iconic property that has stood at the heart of this vibrant city for a century,” said Sean Hehir, managing partner, president, and CEO of Trinity. “This acquisition represents a unique opportunity to own a fully restored landmark hotel in a high-growth market that is experiencing a resurgence in corporate activity and benefiting from substantial capital investments. We are eager to build on the property’s legacy by embarking on a full guestroom renovation, further solidifying its position as Seattle’s premier destination for business and leisure travelers.”
Photo: Fairmont Olympic Seattle
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