Construction is expected to begin on Hotel Indigo by January and be completed no later than October 2019. The hotel is described as a “lifestyle boutique hotel with luxury accommodations.”
It is planned to be 86,163 square feet and include a restaurant, lounge and indoor swimming pool as well as conference spaces, banquet and meeting rooms.
The port commission agreed unanimously on Tuesday night to an up to 80-year lease for 2.43 acres of the project in the central waterfront district. Columbia Hospitality will pay $15,000 a month for the lease.
As part of the deal, the port and the hospitality company agreed to a 28-month countdown for the opening of the hotel.
The hotel is seen as one of the key pieces for a makeover of the waterfront envisioned to include a mix of housing, shops and commercial property surrounded by paths and open spaces.
The port is already working on the first part of the planned water makeover, Fisherman’s Harbor District, a 12-acre slice of the total 65-acre redevelopment area in the central waterfront area.
The port is spending $12 million to build the new Seiner Drive and 14th Street roadways, the Esplanade trail system, the Pacific Rim Plaza as well as a new bulkhead, landscaping and other work.
In December, the port selected a Mercer Island development firm to build two apartment buildings with 264 apartments at Fisherman’s Harbor District.
American Classic Homes agreed to pay $7 million for the right to build the apartments.
The port received three bids to build and operate a hotel at the waterfront. The port selected the bid by Columbia Hospitality and private investors Omar and Christine Lee.
Columbia Hospitality’s portfolio includes 37 hotels and resorts around the West and bills itself as one of the largest hospitality management companies based in the Northwest.
The company last month purchased six management agreements and other assets from Coastal Hotels. With the deal, Columbia Hospitality took over management of the Semiahmoo resort, hotel and golf courses in Blaine, hotels in SeaTac and Bellingham, and one under development in Tukwila.
Hotel Indigo is part of the InterContinental Hotel Group brand, which also includes Holiday Inns, Crowne Plaza and Staybridge Suites.
Both the apartments and hotel are planned to open about the same time in mid-2019.