HOTEL

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Cambria Hotel & Suites

Portland, OR

Project Overview: 4-story, 127 Room up-and-coming premier brand Cambria Hotel & Suites by Choice Hotels. Premier site located within the very busy Portland Airport Submarket due to proximity of major corporations, business travelers, and leisure travelers. In addition, this project is located within a OPPORTUNITY FUND zone for additional tax benefits.

Status: Submitted to City for Approval

Commence Construction: Summer 2020

Year Completed: Summer 2021

Total Development Cost: $23,000,000

Target Investor Level Returns: 10-11% Cash-on-Cash; 14-16% IRR

Opportunity Zone: Yes