Why Burien, WA, is the Perfect Location for Your Next Hotel Investment in the Pacific Northwest
22 Aug 2024
News
Burien, WA, offers an unparalleled strategic location for hotel investment. Just 11 miles south of Seattle and a mere 5 minutes from Seattle-Tacoma International Airport (SEA), Burien provides exceptional accessibility for travelers. SEA, one of the busiest airports in the United States, serves over 50 million passengers annually, creating a significant demand for nearby accommodation options.
The city's proximity to major highways and a convenient light rail system connecting Burien to downtown Seattle, the University of Washington, and major Fortune 500 companies like Microsoft and Amazon further enhances its appeal as a prime hotel location. Beyond its connectivity, Burien offers visitors the unique natural beauty of the Pacific Northwest, with breathtaking views of Mt. Rainier and easy access to stunning scenery, abundant recreational activities, and vacation opportunities.
Growing Tourism Sector and Increasing Visitor Numbers
Burien's tourism industry is flourishing, presenting a prime opportunity for hotel investors. Seattle and King County welcomed 37.8 million visitors, generating $8.2 billion in travel-related spending. Burien alone attracted over 4 million visitors annually, contributing nearly $363 million in travel expenditures.
This growth is driven by Burien's unique blend of urban convenience and suburban tranquility. The nearby light rail system facilitates easy exploration of the greater Seattle area. This increasing influx of tourists underscores the demand for more hotel accommodations in the Pacific Northwest, making Burien a lucrative market for new hotel developments.
Local Attractions, Amenities, and Vibrant Communities in the Pacific Northwest
Burien is a treasure trove of attractions and amenities that captivates tourists and business travelers. The city boasts serene beachfront parks, a bustling commercial district, and stunning views of Mount Rainier. Burien's vibrant community is rich in cultural diversity and offers many recreational opportunities, from outdoor activities to cultural events. This dynamic environment attracts visitors and encourages longer stays, thereby increasing demand for high-quality lodging options.
Prime Development Site in Downtown Burien
The City of Burien offers a prime 54,000+ square foot property in its downtown commercial zone for hotel development. This vacant and cleared site is adjacent to the Burien Transit Center and the planned Burien Transit-Oriented Development (TOD), providing excellent connectivity and accessibility.
Located just four miles from the Seattle-Tacoma International Airport (SEA) and within easy reach of major freeways like SR-518, I-5, and SR-509, the site is perfectly positioned to attract airport-related and general visitors. The city welcomes proposals for a three-star or better hotel, with options for mixed-use developments, including residential units, retail space, office space, conference/events facilities, and performing arts or international public market spaces.
Economic Development and Investor Support
Burien's strong commitment to economic development makes it an ideal environment for hotel investment. The city is projected to grow 36% over the next decade, increasing from 52,000 to 71,000 residents. This population growth underscores the urgent need for new hotel developments to cater to tourists and the burgeoning community.
The Burien Economic Development Office provides comprehensive support for investors, including site selection assistance, permitting facilitation, and market analysis, ensuring a smooth and successful investment process. The city's dedication to fostering a business-friendly environment reassures potential investors of the stability and growth potential of their investment.
A Hotel With a Strategic Location in the Pacific Northwest and the Seattle-Tacoma International Airport
Investing in a hotel in Burien, WA, offers a unique opportunity to capitalize on the city's strategic location, growing tourism sector, and vibrant community. With its proximity to Seattle and the Seattle-Tacoma International Airport, increasing visitor numbers, and supportive economic development environment, Burien is poised to become a major player in the Pacific Northwest's hospitality market.
The potential return on investment is significant, given the city's rapid growth and the rising demand for high-quality accommodations. Be part of Burien's exciting growth story and meet the rising demand for high-quality accommodations in this thriving city.