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Hong Kong company buys downtown Seattle hotel for $145M

A Hong Kong-based limited liability company affiliated with Junson Capital paid Cornerstone Real Estate Advisors $145 million for the Motif Seattle hotel in downtown Seattle, the Puget Sound Business Journal reported, citing an affidavit posted on the King County Recorder's office.

The hotel at 1415 Fifth Ave. rebranded from Red Lion in 2014 after a $25 million renovation. Cornerstone bought it in mid-2014 from Lowe Enterprises for $130.7 million, the report added, citing public records.