Westcoast Hotels Agrees To Sell Six Of Its Properties
SEATTLE - WestCoast Hotels has agreed to sell six of its operations to Patriot American Hospitality Inc. of Dallas, one of the nation's largest real-estate investment trusts.
WestCoast manages or oversees the hotels, which will sell for $83.3 million in cash and up to $10 million in partnership units.
Included are the WestCoast Plaza Park Suites and the West Coast Roosevelt Hotel, in Seattle; the West Coast Gateway Hotel in SeaTac; the West Coast Wenatchee Center Hotel in Wenatchee; and the
Hyatt Newporter Hotel in Newport Beach, Calif.