The Portland Marriott Downtown Waterfront hotel sold for $30 million to a buyer linked to New York-based asset manager Sculptor.
PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW News partner. Find the original story here.
A distressed waterfront hotel in downtown Portland sold for $30 million.
The Portland Marriott Downtown Waterfront hotel at 1401 S.W. Naito Pkwy. was purchased by Portland Waterfront Hotel Acquisition LLC, an entity that appears to be tied to New York-based asset manager Sculptor, per public records.
The hotel sale closed in early February.
Sculptor did not immediately return requests for comment
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