JLL Hotels & Hospitality has secured the sale of the Residence Inn Portland Downtown/Pearl District, a 223-key hotel in one of Portland’s upscale neighborhoods, Pearl District. Washington Holdings LLC acquired the asset. JLL’s Executive Vice President Mark Fraioli and Senior Vice President Melvin Chu led the company’s team on the transaction.
Located at 1150 NW 9th Ave., the property provides convenient access to more than 11.6 million square feet of Class A office space, as well various dining, shopping and entertainment venues such as The Fields Park, Jamison Square, Portland Japanese Garden, Roseland Theater and Old Town Chinatown.
The six-floor Residence Inn Portland Downtown/Pearl District features common-area amenities including five meeting rooms totaling more than 4,000 square feet, full-service restaurant and bar, an outdoor courtyard with a lounge, fire pit and grills, a 24-hour fitness center and an indoor swimming pool.