The Portland-based hotel chain experienced a turbulent pandemic, going after about $9 million in federal relief money and suffering millions in losses.
PORTLAND, Ore. — Provenance Hotels, the hotel group founded by Gordon Sondland, is being acquired by an out-of-state hospitality company, the firms announced on Monday, a move that will position Sondland on the larger firm’s board of directors should the deal close.
The sale to Benchmark Pyramid, which has offices in Boston, Texas, Cincinnati and London, is slated to close in the second quarter, pending lender consent. The move emerges from a turbulent pandemic for hotels, which the Portland-based hotel chain experienced, going after
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