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1 Hotel Changes Hands

By June 24, 2008


The Seattle Times is reporting that 1 Hotel has changed hands, Developer of stalled 1 Hotel sells out to partner Starwood:

After an eight-year campaign to redevelop a half-block site at Second Avenue and Pine Street, Portland developer Paul Brenneke has sold his interest in the downtown Seattle property to Starwood Capital Group of Greenwich, Conn.

No word on when they’ll start construction. Place your bets in the comments.

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