Staypineapple Hotels Inc., a Pacific Northwest-based hospitality management and licensing company, has sold the University Inn in Seattle to OneRE Apartment Fund LLC, a company affiliated with Onelin Capital Corporation, a U.S.-based multi-asset investment, real estate development and management firm.
The property is located in the city’s University District with access to the University of Washington, as well as an array of dining, retail and cultural amenities. As part of the transition, Staypineapple will manage the property under a licensing and management agreement.
Built in 1962, the hotel became part of the Pineapple Hospitality portfolio in 2008 and was owned and operated as a Staypineapple property until the recent transition. It has a classic mid-century design, 102 guestrooms, an outdoor seasonal pool and a dedicated parking lot.
“We’re proud to continue managing University Inn under this agreement with OneRE Apartment Fund,” said Dina Belon, president, Staypineapple Hotels Inc. “This partnership reflects the value of the Staypineapple brand in attracting guests. More now than ever, guests are looking for personalized and unique experiences when they travel. We look forward to working with OneRE to maintain the hotel’s legacy as we grow the brand.”
Wei Zhang, manager, OneRE Apartment Fund LLC, added, “We’re excited to acquire University Inn and to partner with Staypineapple for the next chapter of the hotel’s story. With its strong local presence and loyal following, the property is well-positioned for continued success. We look forward to working together to enhance the guest experience and create long-term value.”
