The State Hotel

What The State Hotel does

The State Hotel is a 91-room independent boutique hotel operating in the restored 1904 Eitel Building at the corner of Second Avenue and Pike Street in downtown Seattle, approximately 90 steps from Pike Place Market. The property opened in March 2019 under the management of Columbia Hospitality and generates revenue from three primary streams: overnight room accommodations across multiple room categories (including City View King and Superior City View configurations), food and beverage operations through its on-site Ben Paris restaurant and bar, and event-space rentals across four venues (The Alcove, The Rooftop, The Terrace Suite, and Ben Paris semi-private dining).

The underlying technology stack is conventional hospitality infrastructure, centered on the Synxis booking and property-management platform for direct reservations, supplemented by third-party OTA distribution (Kayak, TripAdvisor) and a toll-free/phone reservation channel. Pricing follows a nightly Best Available Rate model with a $29 daily resort fee, augmented by package products targeting specific demand segments: a cruise package with shuttle service to Pier 66 and Pier 91, a Canadian visitor discount of up to 20%, a Stash Rewards loyalty discount, a 30-day advance booking incentive, and a breakfast-inclusive Superior City View upgrade.

The business serves a diversified customer base including leisure travelers, business travelers, cruise passengers, Canadian visitors, and corporate/social event groups. Distribution combines direct digital booking, loyalty-program channels, OTAs, and an event/group sales motion. The property has accumulated industry recognition including Condé Nast Traveler 2020 Readers' Choice Awards, Seattle Magazine 2019 Favorite New Hotel, ENR Northwest Best Project (Renovation/Restoration), Seattle Business Magazine Preservation Project of the Year, U.S. News Best Hotels in Washington (2021), and Forbes travel coverage (2022).

Name

The State Hotel

Legal name

The State Hotel

Website

https://statehotel.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

The State Hotel is a 91-room independent boutique hotel in downtown Seattle's restored 1904 Eitel Building, serving leisure travelers, business guests, cruise passengers, and event groups through room bookings, the Ben Paris restaurant, and event-venue rentals.

Ownership category

akta.pro rank

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Room Bookings: Primary revenue from overnight hotel accommodations. Offers various room types including City View King and Superior City View rooms with different amenity packages.
2. Food & Beverage: Revenue from Ben Paris restaurant and bar, including dine-in, catered events, and in-room dining. Also includes daily hotel credits used at the restaurant.
3. Event Space Rental: Rental of event venues including The Alcove (up to 60 guests), The Rooftop (up to 30), The Terrace Suite (up to 20), and Ben Paris semi-private dining (up to 40).
4. Vacation Packages: Bundled packages including cruise packages with shuttle and credits, Canadian visitor discounts up to 20%, extended stay discounts, and advance booking incentives.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

The State Hotel is a 91-room boutique hotel in downtown Seattle operating in the historic 1904 Eitel Building. It offers overnight accommodations, the on-site Ben Paris restaurant and bar featuring contemporary American cuisine and craft cocktails, four event venues for groups of 10–60, and specialized packages including cruise, loyalty, and advance booking promotions.

Product overview

The State Hotel is a 91-room boutique hotel in downtown Seattle, steps from Pike Place Market, housed in the historic Eitel Building (built 1904). The hotel offers guest accommodations with modern amenities and operates Ben Paris, an on-site restaurant and bar featuring contemporary American cuisine and craft cocktails. For events, the property provides multiple venues including The Alcove (receptions up to 60), The Rooftop (seasonal, up to 30), The Terrace Suite (up to 20), and private dining at Ben Paris (up to 40). The hotel also offers various package deals including cruise travel packages, loyalty discounts through Stash Rewards, and advance booking incentives.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Accommodations Boutique hotel offering 91 rooms in downtown Seattle, steps from Pike Place Market, featuring contemporary design within the historic 1904 Eitel Building and offering room types such as City View King and Superior City View.
• Ben Paris Restaurant and Bar On-site restaurant and bar offering contemporary American cuisine with globally-inspired dishes, craft cocktails, and an ambitious beverage program for hotel guests and walk-in diners.
• The Alcove Event Space Event venue at the hotel entrance with natural lighting from 2nd Avenue, accommodating up to 60 guests for semi-private reception-style events such as holiday parties and corporate happy hours.
• The Rooftop Event Space Seasonal private rooftop deck with views of ferries, Olympic Mountains, and Pike Place Market, accommodating up to 30 guests for happy hours, birthdays, and networking events.
• The Terrace Suite Top-floor suite with private bedroom, living space, and rooftop deck, accommodating up to 20 standing or 10 seated guests for corporate meetings, bridal showers, and birthday parties.
• Ben Paris Private Dining Semi-private group dining space within Ben Paris restaurant, accommodating up to 40 guests for intimate dinners, holiday parties, and corporate events.
• In Cruise Mode Package Cruise travel package bundling a $25 daily hotel credit at Ben Paris or The State retail shop with a one-way shuttle for two to or from Pier 66 or Pier 91 cruise terminals.
• Save with Stash Loyalty discount package offering Stash Hotel Rewards members up to 20% off Best Available Rate; member status required at time of arrival.
• Superior City View with Breakfast Room upgrade package featuring a superior city view room, daily chef-inspired breakfast for two at Ben Paris, and enhanced in-room amenities including a mini fridge, yoga mat, and Bluetooth speaker.
• Plan & Play Advance booking discount offering 15% off Best Available Rate for reservations made at least 30 days in advance.

Quantifiable outcome

• Featured in Condé Nast Traveler 2020 Readers' Choice Awards
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Seattle Express RidecoreStrategic or Co-development PartnerPreferred transportation partner for cruise package guests. Provides one-way shuttle service for up to two people to or from Pier 66 or Pier 91 cruise terminals. Shuttle must be arranged at least 24 hours prior to scheduled ride.
• Stash Hotel RewardscoreGTM or Marketing PartnerIndependent traveler's rewards program partnership. Stash members receive up to 20% off Best Available Rate. Hotel participates in the network of top-rated independent hotels in the U.S. and Caribbean.
• Can Can SeattleminorStrategic or Co-development PartnerVIP entertainment partnership for package guests. Guests receive dinner at Ben Paris followed by VIP treatment and reserved seating at the underground cabaret venue one block away, including champagne service.
• Columbia HospitalitycoreImplementation/ SI/ Consulting PartnerHotel management company. Handles operations, hospitality management careers, corporate communications, and behind-the-scenes management of the property.

Scale indicators3 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Kimpton Hotel Vintage Seattle: Boutique-style full-service hotel in downtown Seattle offering locally-inspired F&B and event space, directly competing for the same leisure and group demand as The State.
• Thompson Seattle: Design-driven boutique hotel in downtown Seattle with rooftop bar and on-site restaurant, targeting an overlapping guest profile of design-conscious travelers.
• Hotel Max: Independent boutique hotel in downtown Seattle with comparable room count and design-forward positioning, targeting similar leisure and business travelers near Pike Place Market.
• Hotel Monaco Seattle: Boutique-style full-service hotel in downtown Seattle with on-site dining and event venues, serving a similar mix of leisure, business, and group guests.
• The Paramount Hotel Seattle: Independent full-service boutique hotel a short walk from Pike Place Market, with comparable event space and group business offerings.
• Ace Hotel Seattle: Independent boutique hotel with a strong cultural and design identity in downtown Seattle, appealing to the same leisure and creative-class traveler segment as The State.

Broad incumbents

• The Westin Seattle: Large full-service downtown Seattle hotel and convention-oriented property that competes for group bookings and business travel demand at scale The State cannot match.
• Sheraton Grand Seattle: Major branded convention hotel in downtown Seattle that competes with The State for group and event business but at significantly larger scale and broader segment coverage.

Others

• Columbia Hospitality: Management company that owns and operates The State Hotel; relevant as the operating platform behind the property rather than as a competitive peer.
• Stash Hotel Rewards: Loyalty network for independent boutique hotels that distributes member demand to The State; relevant as a marketing/distribution partner rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/thestatehotel
• Facebookfacebook.com/TheStateHotelSeattle
• Instagraminstagram.com/thestatehotel
• LinkedInlinkedin.com/company/the-state-hotel

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The State Hotel