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1021 NE Grand Ave
Portland, OR 97232
Hotel Eastlund, BW Premier Collection · Hospitality Property For Sale
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168 Rooms
Investment Highlights
- Prime location adjacent to the Oregon Convention Center in Portland’s Lloyd District
- Flexible branding options: independent, soft brand, or full rebrand
- Multiple food and beverage outlets, meeting space, and structured parking enhance guest experience
- Offered unencumbered by management and debt, enabling a seamless repositioning strategy
- Comprehensive $37 million renovation completed in 2015, ensuring institutional-quality infrastructure
- CMBS loan assumption opportunity with favorable leverage and terms
Property Facts
| Property Type | Hospitality | No. Rooms | 168 |
| Property Subtype | Hotel | No. Stories | 6 |
| Building Class | B | Year Built/Renovated | 1963/2015 |
| Lot Size | 0.87 AC | Parking Ratio | 0.46/1,000 SF |
| Building Size | 88,863 SF | Corridor | Interior |
| Zoning | CXD | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.87 AC |
| Building Size | 88,863 SF |
| No. Rooms | 168 |
| No. Stories | 6 |
| Year Built/Renovated | 1963/2015 |
| Parking Ratio | 0.46/1,000 SF |
| Corridor | Interior |
| Zoning | CXD |
Amenities
- Business Center
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $227.00 | - |
| Guest Room | 156 | $175.00 | - |
Property Taxes
| Parcel Number | R182144 | Improvements Assessment | $10,461,420 |
| Land Assessment | $4,560,000 | Total Assessment | $15,021,420 |
Property Taxes
Parcel Number
R182144
Land Assessment
$4,560,000
Improvements Assessment
$10,461,420
Total Assessment
$15,021,420
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