LOS ANGELES--(BUSINESS WIRE)--Trinity Investments (“Trinity”), a private real estate investment firm, has acquired Fairmont Olympic Hotel, Seattle (the “Fairmont Olympic Seattle”), a historic 450-room luxury hotel situated in the heart of Downtown Seattle.
First opened in 1924, the Fairmont Olympic Seattle is recognized as Seattle’s preeminent business, leisure, and social destination. Listed on the U.S. National Register of Historic Places, the landmark property spans an entire city block in Downtown Seattle and is strategically located near major corporate employers, such as Amazon, Disney, and Starbucks, as well as iconic landmarks including the newly expanded Seattle Convention Center, Lumen Field, and Pike Place Market. The property features spacious guest rooms, five distinctive dining offerings, 25,000 square feet of event space, street-level retail, and an array of amenities, including the 10,800 square-foot Health Club, with an indoor heated pool, and 6,700 square feet of office space.
The Fairmont Olympic Seattle recently completed a $22 million capital renovation to transform the public areas, including the debut of the Olympic Bar, the redesign of The George restaurant, and enhancements to all indoor function spaces. Building on this momentum, Trinity plans to implement a full guestroom renovation to refresh accommodations that have not been updated since 2016 and capitalize on Seattle’s position as a high-growth gateway market.
“We are thrilled to acquire Fairmont Olympic Seattle, an iconic property that has stood at the heart of this vibrant city for a century,” said Sean Hehir, Managing Partner, President, and CEO of Trinity. “This acquisition represents a unique opportunity to own a fully restored landmark hotel in a high-growth market that is experiencing a resurgence in corporate activity and benefiting from substantial capital investments. We are eager to build on the property’s legacy by embarking on a full guestroom renovation, further solidifying its position as Seattle’s premier destination for business and leisure travelers.”
Today’s news follows Trinity’s recent acquisition of The Standard, London, alongside Oaktree Capital Management and Partners Group. In 2024, Trinity has invested more than $730 million in hotels and hospitality assets across the globe.
The Fairmont Olympic Seattle represents Trinity’s eleventh hotel transaction in the U.S. since the final closing of Trinity GP Fund I L.P., Trinity’s inaugural fund, in 2021.
About Trinity Investments
Trinity is a private real estate investment firm with a 28-year history of specializing in value-add opportunities. Based in Honolulu, Hawaii, with offices in Los Angeles and London, Trinity focuses on unique real estate investments in world-class markets. As of November 2024, Trinity has invested more than $10 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity’s website at https://www.trinityinvestments.com. For updates on Trinity’s investment activity, follow Trinity on LinkedIn.
