Hotel Concepts has withdrawn from a proposed Burien hotel project, the city announced on Monday, Nov. 18, 2019.
The hotel was being proposed to be built on SW 150th Street between 1st and 4th Ave SW, and would have been a 140-guest room hotel with approximately 100 units of multifamily development:
The city says that the reason for the cancellation is “that market conditions in the hotel sector made the development concept financially unfeasible. As such, Hotel Concepts has decided not to move forward with the project.”
The city has been trying for years to get its first hotel, and in Sept. 2018 issued a request for proposals (RFP) for hotel development on the City-owned parcel adjacent to the Burien Transit Center, then selected Hotel Concepts as the preferred developer. The selected proposal included construction of a 140-guest room hotel and approximately 100 units of multi-housing on the 1.3-acre site.
Hotel Concepts proposed to purchase the property from the city for $1.65 million, with the remaining $1.5 million due upon issuance of the building permit.
“Due to the new supply coming into the greater Seattle area and current cost of construction, we feel this is not the time to proceed with this development,” said Sultan Ramzanalli of Hotel Concepts.
The City will reassess options for the site, and continue to work with developers to bring a quality hotel to Burien.
“While it is disappointing this particular project is not moving forward, we have an active pipeline of commercial developers with interest in Burien,” said Chris Craig, City of Burien Economic Development Manager. “I am confident we will attract a quality hotel development to our community.”
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