The two companies split in 2018 and now operate as sister companies. For much of that time, the firm was part of Lodging Dynamics Hospitality Group, according to the organization’s website. Widewaters’ corporate office is in Syracuse, New York, with additional operations in the Charlotte, N.C., and Salt Lake City areas.ĭynamic City Capital is a privately held real estate investment and asset management firm with three decades of experience in hospitality. The organization has developed or acquired more than 13 million square feet of real estate assets with a value in excess of $2 billion. Widewaters is a real estate company with more than 50 years of experience in the development, construction, acquisition and management of retail, hospitality, residential and office/industrial properties across North America, according to the firm’s website. Amenities include a sauna, steam room and fitness center as well as an indoor-outdoor rooftop lounge that offers water and skyline views from the 16th floor. Nearby attractions include the Pike Place Market, Space Needle and Pioneer Square coffee shops and galleries, according to the hotel’s website. The mixed-use property includes just over 4,000 square feet of retail space. and a 39-story mixed use building that includes 398 residential units located at 1600 Second Ave., according to King County public records. The property includes the 16-story and 229-unit hotel at 1610 Second Ave. The buyer is an entity affiliated with Dynamic City Capital, and the seller is listed as an entity affiliated with Widewaters. A Utah-based firm is expanding its holdings in the Seattle area with the purchase of the Charter Hotel & Helios for $107.8 million, or $171,929 per unit, according to public records.

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