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July 25, 2014

What's next for site of Bellevue Red Lion?

Daily Journal of Commerce

Journal Staff

Spokane-based Red Lion Hotels Corp. said its two-story hotel at 11211 Main St. in Bellevue is for sale.

Greg Mount, president and CEO of Red Lion, said in a press release the six-acre property along Interstate 405 is one of the best redevelopment sites on the West Coast, and a hotel is no longer the best use of the site.

"Bellevue is one of the hottest commercial real estate markets in the country right now," Mount said. "It has experienced a revitalization in development and in recent months has had record-setting commercial real estate transactions."

Red Lion is willing to continue running the hotel, allowing the buyer to get income while deciding what to do with the property.

The hotel was built in 1969, and has 181 rooms and 5,700 square feet of meeting space.

The site is near a future Sound Transit East Link light rail station at 112th Avenue Southeast and Main Street.

Jason Rosauer, Rob Anderson and Gary Guenther of Kidder Mathews are listing the site for sale.

©2014 Seattle Daily Journal of Commerce

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