Tacoma’s downtown Marriott sold in a trustee’s sale. Here’s who got it
AI-generated summary reviewed by our newsroom.
- Marriott Tacoma Downtown reverted to lender Delphi at trustee sale in receivership.
- Beacon Default Management reported $50 million sale on its website Friday.
- Borrower Yareton defaulted on a 2021 $70 million loan in hotel’s development.
A high-profile piece of Tacoma’s skyline was sold Friday morning at a trustee’s sale outside the County-City Building.
Marriott Tacoma Downtown was the focus of the sale as the result of a receivership case that started in summer 2025.
According to Selina Parelskin, CEO and founder of Beacon Default Management, which oversaw the sale, “The property reverted back to the beneficiary.”
The beneficiary on trustee sale documents on file with Pierce County is Delphi CRE Funding, an LLC subsidiary of Delphi Financial Group.
Delphi, as a project lender, is seeking to collect on development debt owed by Yareton Hotel Investment Management of Seattle.
Beacon’s website listed the property sold for $50 million, which would be a credit bid applied to the debt. The trustee sale announcement filed with the county in October listed the principal sum owed plus interest at that time as $76.3 million.
Delphi’s attorney did not immediately respond Friday to a request for comment on what’s next for the site.
The News Tribune reported in September 2025 that Yareton was in financial arrears with the lender over the hotel’s development. According to the initial complaint from Delphi filed in July in Pierce County Superior Court, Yareton had defaulted on payments tied to a $70 million loan dating back to 2021.
Yareton is a subsidiary of Shanghai Mintong Real Estate Co. of China.
The company has no listed attorney in the receivership case and no further filings have occurred since an October status report.
Previous reporting from The News Tribune contributed to this report.
