{"id":1004050347,"date":"2012-11-14T07:01:35","date_gmt":"2012-11-14T15:01:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=79384"},"modified":"2022-12-05T19:52:51","modified_gmt":"2022-12-06T03:52:51","slug":"the-hilton-portland-and-executive-tower-sells-as-city-contemplates-beefing-up-its-hospitality-figures","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-hilton-portland-and-executive-tower-sells-as-city-contemplates-beefing-up-its-hospitality-figures\/","title":{"rendered":"The Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

A Chicago-based investor has recently acquired The Hilton Portland and Executive Tower, the Portland Business Journal<\/em> reports. The transaction is speculated to be worth approximately $100 million, which is not a staggering amount, considering the fact that the property is the city\u2019s largest hotel. In fact, the per-room sale price comes in at about $128,000, less than half of what it costs to develop a hotel room in downtown Portland. The party buying the Portland Hilton is a partnership created by Chicago-based companies Walton Street Capital and Lodging Capital Partners L.L.C.<\/p>\n

The Hilton is a 782-key property\"\"<\/a>\u00a0located in downtown Portland, at 921 S.W. Sixth Ave., and is also the largest property of its kind in the entire state of Oregon. It offers guests a variety of rooms, ranging from the more affordable Accessible Rooms and Guest Rooms to the upper-tier Suites and Executive Rooms. Executive Rooms offer guests 20th-floor views, business desks, 37-inch flat panel TVs and leather recliner chairs, as well as a complete office package including a printer\/copier\/fax\/scanner unit. Additionally, the hotel offers 66,000 square feet of versatile meeting space, including 30 function rooms operating with expert staff. Dining options include the on-site Bistro 921, an informal, American-themed eating spot, as well as the Italian-branded Porto Terra Tuscan Bar and Grill. Pool and fitness facilities are also provided courtesy of the full service Hilton Athletic Club, while the 24-hour business center offers free high-speed Internet access.<\/p>\n

According to the Portland Business Journal<\/em>, the sale of The Hilton Portland could spur on talks of developing a new Hyatt Regency-branded facility near the Oregon Convention Center. This would provide a considerable bump in the amount of available rooms the city has to offer, while also encouraging larger events to come to the emerging city.<\/p>\n

Image courtesy of hilton.com<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A Chicago-based investor has recently acquired The Hilton Portland and Executive Tower, the Portland Business Journal reports. The transaction is speculated to be worth approximately $100 million, which is not a staggering amount, considering the fact that the property is the city’s largest hotel. In fact, the per-room sale price comes in at about $128,000, less than half of what it costs to develop a hotel room in downtown Portland.<\/p>\n","protected":false},"author":237,"featured_media":1004506384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[1815],"class_list":["post-1004050347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-seattle","tag-national"],"acf":[],"yoast_head":"\nThe Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-hilton-portland-and-executive-tower-sells-as-city-contemplates-beefing-up-its-hospitality-figures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Hilton Portland and Executive Tower Sells as City Contemplates Beefing Up Its Hospitality Figures\" \/>\n<meta property=\"og:description\" content=\"A Chicago-based investor has recently acquired The Hilton Portland and Executive Tower, the Portland Business Journal reports. 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