Moody National REIT II to Purchase Springhill Suites Seattle

February 5, 2016

PR Newswire

HOUSTON, Feb. 3, 2016 /PRNewswire/ — Moody National REIT II, Inc. (“REIT II”) announced today that it has entered into an agreement to purchase the Marriott Springhill Suites Hotel (the “Springhill Suites Seattle”) in Seattle, Washington for $74.1 million, excluding closing costs.

Moody National REIT II, Inc. Logo (PRNewsFoto/Moody National REIT II)

The Springhill Suites Seattle is a select-service hotel consisting of 234 guest rooms. Located on the southeast corner of Stewart Street and Yale Avenue in downtown Seattle, the Springhill Suites Seattle sits in one of the city’s major transportation routes with ready access to the corporate homes of Amazon, Microsoft, Nordstrom and REI. Additionally, Seattle is home to the flagship Starbucks, the original Boeing, Costco and United Parcel Service. The hotel is located within close proximity to Puget Sound and is walking distance to the Seattle Space Needle.

“Located in a downtown, global gateway city accommodating travelers from around the world, and home to companies including Amazon, Microsoft, Boeing and Starbucks, this investment presents itself as an attractive addition to our portfolio,” commented Brett Moody, CEO and Chairman of REIT II.

According to Forbes magazine, Seattle was ranked as the number one best city for jobs in 2015. Due to its geographic location, Seattle is a national hub for manufacturing, technology industries, international business, trade and tourism.  Seattle is well-known for its cultural diversity, reliable transportation infrastructure and local pride in preserving the city’s culture. The Springhill Suites Seattle is positioned to strongly benefit fromSeattle’s demand from both business and leisure travelers.

About Moody National REIT II, Inc.

Moody National REIT II, Inc. is a publicly registered, non-listed REIT that acquires select-service hotels in major markets across the United States. Moody National REIT II, Inc. is sponsored by Moody National REIT Sponsor, LLC, an affiliate of the Moody National Companies, a full-service commercial real estate company that includes mortgage, development, management, realty, title and insurance divisions. Founded in 1996, Moody National Companies has managed over $2 billion in commercial real estate.

This press release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in Moody National REIT II, Inc.’s reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.


Logo – http://photos.prnewswire.com/prnh/20150416/199176LOGO

Article Located Here

Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.