Marriott Residence Inn
Portland, Oregon
Click to visit project websiteCapitalization
$51,000,000
I-526 & I-829 Approvals
100%
EB-5 Investors
88
PROJECT OVERVIEW
- Number of Rooms – 223
- Project Open – April, 2014
- First Hotel in Portland’s renowned Pearl District
- Since opening, the hotel has doubled its profits compared to original projections ($27.3 million actual vs. $13.5 million projected)
- PROJECT SOLD: November, 2019
- $50,600,000 returned to EB-5 Investors
ABOUT MARRIOTT
- Marriott operates more than 3,500 hotels in more than 70 countries around the world
- Residence Inn is Marriott’s most powerful and profitable brands, and is experiencing demand growth
- Since 2000, Residence Inn has achieved a 25% revenue premium over its competitors
- Marriott Annual Revenues exceed $11 Billion
PEARL DISTRICT OVERVIEW
The Pearl District is Portland’s most successful urban redevelopment area and the most valuable real estate in the City. EB5 Global’s sister company, Williams & Dame (williamsanddame.com) was the master developer for this former 34-acre rail yard, transforming it into a vibrant mixed-use community full of condominiums, apartments, office space, galleries, restaurants, local boutiques, and public parks
- More than 100 Stores & Shops
- 83 Restaurants, Bars & Coffee Shops
- 46 Art Galleries
- 4,700 Residential Units
- Numerous Parks, Walking Trails & Wetlands
