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Fairmont Olympic Hotel in Seattle – Image Credit Fairmont Hotels
Trinity Investments, a private real estate investment firm, has purchased the Fairmont Olympic Hotel, a historic 450-room luxury hotel in downtown Seattle. The hotel opened its doors in 1924 and is a popular destination for business, leisure, and social gatherings.
Situated in a prime location, the Fairmont Olympic Seattle spans an entire city block and is surrounded by major corporations, such as Amazon, Disney, and Starbucks. It is also conveniently located near major tourist attractions like the newly expanded Seattle Convention Center, Lumen Field, and Pike Place Market.
The hotel boasts numerous amenities, such as spacious guest rooms, five unique dining options, a 25,000-square-foot event space, street-level retail, a 10,800-square-foot Health Club, complete with an indoor heated pool, and 6,700 square feet of office space.
Recently, the hotel underwent a $22 million renovation, which revamped the public areas, including the unveiling of the Olympic Bar, the redesigning of The George restaurant, and improvements to all indoor function spaces.
Trinity plans to carry out a full guestroom renovation to modernize the accommodations, which have not been updated since 2016. This move aims to capitalize on Seattle’s position as a high-growth gateway market.
Sean Hehir, Trinity’s Managing Partner, President, and CEO, expressed his excitement over the acquisition. Hehir highlighted the property’s status as a fully restored landmark in a high-growth market and emphasized Trinity’s intention to enhance the property’s legacy by undertaking a full guestroom renovation.
This latest acquisition adds to Trinity’s expanding portfolio. The company recently acquired The Standard, London, partnering with Oaktree Capital Management and Partners Group. Since 2024, Trinity has invested over $730 million in hotels and other hospitality assets globally.
The Fairmont Olympic Seattle is Trinity’s eleventh hotel transaction in the U.S. since the final closing of its inaugural fund, Trinity GP Fund I L.P., in 2021.
