SEATTLE A brand new $104 million hotel and apartment is set to open in Seattle in spring of 2016.

The 12-story, two tower hotel will be one block from Pike Place Market and will operate under the Thompson Hotels flag as Thompson Seattle. Thompson Seattle will be Thompson Hotels first property in the Pacific Northwest.

The building will be located at 1st and Stewart with views of the Puget Sound and the Olympic mountain range. There will be 159 guestrooms, 97 apartments, a restaurant on the ground floor, along with 1,600 feet of retail space.

Our entry into the Seattle market is an exciting moment for the Thompson Hotels brand, said Niki Leondakis, CEO of Commune Hotels & Resorts, which runs the Thompson Hotels.

Seattle-based real estate firm Touchstone will work jointly with Commune Hotels & Resorts, along with Geolo Capital. Touchstone has been working on this project for several years.

We are confident that our partnership with the teams at Thompson Hotels and Geolo Capital will result in an innovative hotel, residential, and retail property in what is a key area of Seattle s urban community, said Douglas Howe, Principal and President of Touchstone. Together we have created a vision that will combine the city s energy and culture into a tangible experience.

Watch the full story by KING 5's Alex Rozier tonight on KING 5 News at 5pm.

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