Rockbridge Sells Two-Hotel Portfolio in Pacific Northwest Totaling 209 Rooms
PORTLAND, ORE. AND VANCOUVER, WASH. — Rockbridge has completed the disposition of a 209-key, two-hotel portfolio located in Portland and Vancouver. Terms of the transaction were not released.
The portfolio consists of the 104-room Homewood Suites Vancouver-Portland in Vancouver and a 105-room Homewood Suites Portland Airport in Portland. Since 2016, the hotels have been undergoing $12.4 million in capital improvements (an average of $59,000 per room). Both properties are unencumbered by management.
Melvin Chu and John Strauss of JLL Hotels & Hospitality represented Rockbridge in the deal.