Cambria Hotel & Suites
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