🏗️ Property

Portland Marriott Waterfront

2 stories · First covered Mar 3, 2026 · Latest Apr 12
Related: Marriott International 2 Portland hotel market 2 Franchise Fees 1 Hotel revenue management 1 Convention hotel economics 1 Hotel receivership 1 Hotel occupancy rates 1 Hotel debt and refinancing 1 New York-based opportunistic fund 1 Distressed hotel sales 1 Convention-oriented hotel operations 1 Hotel capital structure and financing 1
Marriott International
New York-based opportunistic fund
Marriott International
Competes with Portland hotel market
Portland Marriott Waterfront Coverage
Portland Marriott Waterfront Sells for $30M. Someone Paid $82.7M in 2013.
Operations Primary
Apr 12

Portland Marriott Waterfront Sells for $30M. Someone Paid $82.7M in 2013.

A 506-key downtown Portland Marriott just traded at $59 per key. That number tells you everything about what's happening in distressed urban hotel markets right now... and what the buyer is betting on.

JC
Jordan Chen 2 min read · Apr 12
Portland Marriott Waterfront Sold at $59,500 Per Key. Let That Number Sink In.
Transactions Primary
Mar 3

Portland Marriott Waterfront Sold at $59,500 Per Key. Let That Number Sink In.

A 506-room downtown Marriott just traded at a 63% discount to its 2013 purchase price, with occupancy barely clearing 23%. The per-key price tells a story about Portland, about convention hotels, and about what happens when debt and reality stop agreeing.

JC
Jordan Chen 3 min read · Mar 3