Commune Hotels & Resorts, along with Geolo Capital and the Seattle-based real estate firm Touchstone, today jointly announced plans for a ground-up, mixed-use development – inclusive of hotel, residential, and retail components – that will operate under the Thompson Hotels flag as Thompson Seattle.
A marker of continued expansion for the sophisticated lifestyle brand, Thompson Seattle will become Thompson Hotels’ first property in the Pacific Northwest region of the U.S.
Currently projected to open in spring 2016, Thompson Seattle will be visually conceptualized by architectural teams from Washington-based firms Olson Kundig and Jensen Fey, and interiors firm Munge Leung, under the direction of Commune Hotels’ in-house design team. Located in the heart of downtown at the northeast corner of 1st Avenue and Stewart Street, the new building will stand 12 stories high offering unobstructed views of the surrounding Puget Sound and Olympic Mountain Range and will sit adjacent to the world-famous Pike Place Market. Thompson Seattle’s desirable location will be ideal for both leisure and business travelers, as well as prospective tenants who crave a well-rounded lifestyle experience, with convenient access to the city’s financial center and recreational activities in nearby Lake Union. Thompson Seattle will house 159 guestrooms, 97 residences, a signature, ground-floor restaurant concept, subterranean parking, and an estimated 1,600 square feet of retail space, along with the city’s premier rooftop deck with 9,500 square feet of indoor/outdoor space, offering sweeping vistas and an outdoor lounge with a unique area for private events.
“Our entry into the Seattle market is an exciting moment for the Thompson Hotels brand,” said Niki Leondakis, CEO of Commune Hotels & Resorts, the international, multi-brand hotel company which manages and operates Thompson Hotels. “We are fortunate to partner with Touchstone, given the company’s strong track record in developing commercial real estate in the area. Our joint efforts on Thompson Seattle will allow us to cultivate an environment that resonates with the local community and provide travelers with an authentic Seattle experience.”
“We are confident that our partnership with the teams at Thompson Hotels and Geolo Capital will result in an innovative hotel, residential, and retail property in what is a key area of Seattle’s urban community,” said Douglas Howe, Principal and President of Touchstone. “Together, we have created a vision that will combine the city’s energy and culture into a tangible experience.”