UNITE HERE: Investor Alert – Hotel Strike Next to World Cup Stadium at Embassy Suites Seattle Pioneer Square
Workers at the Embassy Suites Seattle Pioneer Square are on strike during the FIFA World Cup. The hotel is located adjacent to Seattle Stadium (Lumen Field), where six world cup matches are played. Embassy Suites employees are represented by UNITE HERE Local 8, an affiliate of UNITE HERE International Union, the largest hotel workers’ union in North America.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260626822831/en/ Striking hotel workers picket in front of the Embassy Suites Seattle Pioneer Square.
The hotel is managed by Hilton and owned by Steinhauer Properties (255 South King Street LP). Mortgage lending is provided by private credit lender PCCP (PCCP Credit X Reit-Sub Holdco MS Seller, LLC) in the original maximum principal sum of $122,700,000.
In 2024, strikes by UNITE HERE members at hotels owned by Park Hotels & Resorts in Honolulu, Boston and Seattle (Doubletree Seattle Airport and Hilton Seattle Airport) were shown to have a significant impact on the company’s bottom line.
