{"id":1004362439,"date":"2019-10-24T08:38:33","date_gmt":"2019-10-24T16:38:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004362439"},"modified":"2022-03-03T03:18:16","modified_gmt":"2022-03-03T11:18:16","slug":"marriotts-residence-inn-in-portland-trades-for-60m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marriotts-residence-inn-in-portland-trades-for-60m\/","title":{"rendered":"Marriott\u2019s Residence Inn in Portland Changes Hands"},"content":{"rendered":"
\"Residence<\/a>

Residence Inn Portland Downtown\/Pearl District. Image via Google Street View<\/em><\/p><\/div>\n

JLL Hotels & Hospitality has secured the sale of the Residence Inn Portland Downtown\/Pearl District, a 223-key hotel in one of Portland\u2019s upscale neighborhoods<\/a>, Pearl District. Washington Holdings LLC acquired the asset. JLL\u2019s Executive Vice President Mark Fraioli and Senior Vice President Melvin Chu led the company\u2019s team on the transaction.<\/p>\n

Located at 1150 NW 9th<\/sup> 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.<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The six-floor hotel is situated near more than 11.6 million square feet of Class A office space. <\/p>\n","protected":false},"author":2518,"featured_media":1004362445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21742,28440,15],"tags":[47522,33877,36328,37244],"class_list":["post-1004362439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-latest","category-portland","category-west","tag-mark-fraioli","tag-marriott","tag-residence-inn-by-marriott","tag-washington-holdings"],"acf":[],"yoast_head":"\nMarriott\u2019s Residence Inn in Portland Changes Hands - 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\/marriotts-residence-inn-in-portland-trades-for-60m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marriott\u2019s Residence Inn in Portland Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The six-floor hotel is situated near more than 11.6 million square feet of Class A office space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marriotts-residence-inn-in-portland-trades-for-60m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-24T16:38:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T11:18:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Residence-Inn-Portland-Downtown-Pearl-District.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Marcut\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marriotts-residence-inn-in-portland-trades-for-60m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marriotts-residence-inn-in-portland-trades-for-60m\/\",\"name\":\"Marriott\u2019s Residence Inn in Portland Changes Hands - 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