The Northwest Maritime Center announced plans Thursday to buy the Swan Hotel by the end of the year.
Jake Beattie, executive director of the Northwest Maritime Center, said the center would continue operating the hotel as a revenue-generating venture in the near term to help fund their less-lucrative educational programs.
The hotel is on Monroe Street in Port Townsend, just across the street from the Northwest Maritime Center.
Beattie added that he could see the hotel being used in the future as lodging for out-of-area visitors seeking to participate in the center’s maritime-oriented educational programs.
The center also received the nod of approval to lease a property owned by the Port of Port Townsend next to the Swan Hotel.
The land, now used as a paid parking lot, will be used as the location for a community classroom for the maritime center.
Port officials have said the lot only brought in about $7,500 in revenue in 2019.
The 30-year lease will see the Northwest Maritime Center paying $1,509 per month for the 5,350-square-foot space.
Port officials estimate an $8,550 annual increase in revenue generated by the property with the new lease in place.
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June 11, 2021 at 07:00AM
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Northwest Maritime Center to purchase Swan Hotel in Port Townsend - Port Townsend Leader
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