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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Historic hotel at Snoqualmie Falls for sale

Associated Press The Spokesman-Review

SNOQUALMIE, Wash. – The Coastal Hotel Group plans to bid on the historic Salish Lodge & Spa at Snoqualmie Falls sometime next week.

The lodge went on the market in June.

Salish Lodge General Manager Sam Johnson said the property has generated “a high degree of interest.”

“Salish Lodge & Spa is a one-of-a-kind destination perched on the crest of a waterfall,” Johnson said. “It cannot be replicated or duplicated.”

The Salish was recently ranked No. 31 among U.S. and Canadian hotels by Travel + Leisure magazine. Kristina Paider of Jones Lang LaSalle Hotels, which is handling the sale, would not say when the bidding process would end or when a decision is expected to be made.

Coastal has managed Salish for seven years, Johnson said. Gateway Cascades, a holding company for the Los Angeles County Employees Retirement Association, owns the hotel, which includes the lodge, spa and its restaurants as well as the gift shop located in the lobby and at the falls.

Coastal intends to partner with another investor for the purchase of the hotel, but Coastal President Yogi Hutsen would not comment on whether an investment partner had been found.

Hutsen also would not disclose the amount the company intended to bid.

King County property records show the property was valued for the 2007 tax year at about $14.9 million – about $500,000 for the land and $14.4 million for the facility.