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Portland Airport Hotel 8247 NE Sandy Blvd 119 Room Hotel Portland, OR 97220 $8,000,000 ($67,227/Room)
INVESTMENT HIGHLIGHTS
- Turnkey Restoration Recently Completed
- Branding Availability
- Large 2+ Acre Site
EXECUTIVE SUMMARY
CBRE Hotels is pleased to present the opportunity to acquire a 119-key, repositioned hospitality asset located at 4200 NE 82nd Ave, in Portland’s evolving Eastside corridor near Portland International Airport. This opportunity offers a rare combination of scale, flexibility, and recent capital investment, making it an ideal candidate for rebranding or residential conversion.
The property has undergone a comprehensive restoration, including major structural upgrades, interior and exterior enhancements, and numerous operational improvements. Its unique garden-style layout and expansive footprint provide a unique canvas for adaptive reuse, including a potential multifamily conversion or redevelopment. Currently closed until renovations are finalized, the asset offers full access for tours—including back-of-house areas—allowing investors to evaluate the site with minimal operational constraints. With Portland’s hospitality market showing signs of recovery and the property’s proximity to Portland International Airportand major transit routes, this offering represents a compelling value-add opportunity.
The property has undergone a comprehensive restoration, including major structural upgrades, interior and exterior enhancements, and numerous operational improvements. Its unique garden-style layout and expansive footprint provide a unique canvas for adaptive reuse, including a potential multifamily conversion or redevelopment. Currently closed until renovations are finalized, the asset offers full access for tours—including back-of-house areas—allowing investors to evaluate the site with minimal operational constraints. With Portland’s hospitality market showing signs of recovery and the property’s proximity to Portland International Airportand major transit routes, this offering represents a compelling value-add opportunity.
PROPERTY FACTS
| Price | $8,000,000 | Building Size | 43,212 SF |
| Price Per Room | $67,227 | No. Rooms | 119 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1977/2023 |
| Property Subtype | Hotel | Parking Ratio | 2.31/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.09 AC | ||
| Zoning | R2H | ||
| Price | $8,000,000 |
| Price Per Room | $67,227 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.09 AC |
| Building Size | 43,212 SF |
| No. Rooms | 119 |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2023 |
| Parking Ratio | 2.31/1,000 SF |
| Corridor | Interior |
| Zoning | R2H |
AMENITIES
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 119 | $109.00 | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | R261799 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,414,360 |
PROPERTY TAXES
Parcel Number
R261799
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,414,360
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Portland Airport Hotel | 8247 NE Sandy Blvd
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