Portland investors scoop up another downtown Seattle hotel

Provenance Hotels has been on a buying spree in Seattle, where it has acquired another property: Mayflower Park, the longest continuously operating hotel in the city.

Portland-based Provenance, which is known for teaming up with local artists and other businesses to create unique hotels, on Sunday announced it has acquired the Mayflower Park, 405 Olive Way. Provenance and NBP Capital, also of Portland, paid $20 million for the property where the 160-room Mayflower has operated since 1927.

The hotel…