DOWNTOWN— Provenance Hotels and NBP Capital have purchased the Roosevelt Hotel, adding it to a portfolio that already includes Hotel Max, Hotel 1000 and Tacoma's Hotel Murano. They plan to bring in a marquee restaurant tenant and return the 151-room hotel at 7th Avenue and Pine Street to it's original prominence. [Provenance]
KIRKLAND— Heathman Hotel in Kirkland has also been sold. The boutique property is now owned by principals of Beccaria Partners, a Los Angeles hotel investment group. The 91-room hotel is routinely listed on best Northwest hotels lists. The sale price was not disclosed. [PSBJ]