AUCTION JUNE 15-17, 2026
(Bidding Starts on June 15, 2026, at 9:00 AM)

For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581 | ahanna@crexi.com.

Property tours are available by appointment only. Please contact the listing broker to schedule a tour.

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Property Description

The FairBridge Inn Express Tukwila is a 120-key, midscale, select-service hotel located on ~2.45 acres of leased land just 3 miles from Seattle-Tacoma International Airport. The property is comprised of 2 buildings totaling over 36,000 square feet and features an outdoor seasonal pool and hot tub. Guest room mix include Queen Singles, Queen Doubles, King Singles, and King Deluxe rooms. Hotel amenities include Grab N’ Go breakfast, an airport shuttle to SEA-TAC, and ample guest parking. The hotel is unencumbered by brand or management agreements, offering flexibility for repositioning.

Strategically positioned off Interstate 5 and near the I-405 exchange, the property benefits from steady demand generated by the airport, nearby distribution centers, and regional business activity. This asset presents a value-add opportunity for experienced operators to modernize and rebrand in a high-demand submarket of the Seattle metro. Current operations are under-optimized, offering upside through active ownership, staffing efficiencies, and professional management. The flexible franchise agreement may be terminated with 30 days’ notice, creating options to reduce brand-related costs. A proactive operator can further drive performance by pursuing airline crew contracts, group bookings, and event-driven demand. Strong transportation access and proximity to major employers support sustained commercial and transient traffic.

Location Description

Tukwila is a strategically located Seattle suburb just 3 miles from Seattle-Tacoma International Airport (SEA-TAC), which is expected to serve ~53.5 million passengers annually (2025). Known for its strong industrial and logistics presence, Tukwila is home to major employers and distribution hubs, including Boeing, Alaska Airlines, Costco, REI, and the regional UPS and FedEx networks. The city draws consistent demand from airline crews, logistics professionals, and business travelers visiting nearby warehouses, corporate campuses, and commercial parks. With immediate access to I-5, I-405, and SR-518, plus Link light rail service to downtown Seattle and the airport, Tukwila offers reliable connectivity for both short-term stays and regional travel.

• Non-Contingent
• Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit
• Close of Escrow: 8/18/2026

13050 48th Avenue South, Seattle, WA 98168

WA Auctioneer: Auction Company License: Crexi, WA 24004486

• Property is located in an OPPORTUNITY ZONE (Learn More About Qualified Opportunity Zones & Tax Incentives)
• Prime Airport Submarket Position: Located ~3 miles from Seattle-Tacoma International Airport, the hotel offers a free airport shuttle, a highly sought-after amenity in this high-traffic corridor serving ~53.5 million passengers annually
• Immediate Upside Through Repositioning Flexibility: Unencumbered by management or long-term franchise agreements, with a 30-day franchise exit option, the asset offers investors operational control and rebranding opportunities to maximize NOI
• Market Growth Driven by $5 Billion SEA-TAC Expansion: The ongoing “Upgrade SEA” $5 billion capital program is enhancing airport capacity and infrastructure ahead of the 2026 FIFA World Cup, reinforcing long-term demand from commercial, airline, and leisure travelers
• Diverse Demand Anchors from Major Employers: Tukwila’s concentration of logistics, distribution, and corporate headquarters—including Boeing, Alaska Airlines, Costco, and UPS—supports a stable base of year-round business and transient traffic
• Embedded Tourism and Event Demand Drivers: The Seattle-Tacoma corridor is experiencing record tourism growth, cruise ship traffic, and major event expansion, driving consistent visitation and fueling hotel demand across business, leisure, and group segments
• Excellent Regional Connectivity and Infrastructure Access: Strategic location near I-5, I-405, SR-518, and Link Light Rail ensures strong accessibility for regional travelers, business professionals, and extended-stay guests, mitigating occupancy risk
• Seattle/Tacoma Area Demand Drivers and Strong Tourism Appeal: The Seattle-Tacoma metro area welcomed over 37 million visitors annually, reinforcing its regional tourism strength. Visitors are drawn to Tacoma’s vibrant cultural attractions, including the Museum of Glass, Tacoma Dome events, and historic downtown district, and to Puyallup’s nationally renowned Washington State Fair and annual Daffodil Festival. These attractions support year-round leisure, event-driven, and extended-stay hotel demand
• 2026 FIFA World Cup Tourism Expectations: Seattle will host multiple matches during the 2026 FIFA World Cup, an event expected to generate substantial regional economic impact, driving international visitors, media, and staff lodging demand throughout the broader Seattle-Tacoma metro area