The University Inn in Seattle, has been acquired by OneRE Apartment Fund, a company affiliated with Onelin Capital Corp., a U.S.-based multi-asset investment, real estate development and management firm for an undisclosed price.
The hotel is in the city’s University District with access to the University of Washington, as well as a range of dining, retail and cultural amenities. As part of the transition, Staypineapple Hotels, a Pacific Northwest-based hospitality management and licensing company, will manage the property under a licensing and management agreement.
University Inn was built in 1962, joined the Pineapple Hospitality portfolio in 2008 and was owned and operated as a Staypineapple property until the recent transition. It has a classic midcentury design, 102 guest rooms, an outdoor seasonal pool and a dedicated parking lot, University Inn remains a unique boutique option for travelers seeking comfort and accessibility.
“We’re proud to continue managing University Inn under this agreement with OneRE Apartment Fund,” Dina Belon, president of Staypineapple Hotels, said in a statement. “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.”
“We’re excited to acquire University Inn and to partner with Staypineapple for the next chapter of the hotel’s story,” Wei Zhang, manager of OneRE Apartment Fund. “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.”