Hotel Construction 30% Complete

Press Release (February 26, 2019) - 3650 REIT has facilitated a $78 million construction loan for Yareton Investment.

Now 30 percent complete, the 22-story hotel will feature 304 guest rooms, 9,000 square feet of event space, a 10,000-square-foot ballroom and direct connection to the Greater Tacoma Convention Center.

With this loan, Yareton Investment is able to advance the development of the hotel component of its broader mixed-use project that includes a residential tower.