Oct 28, 2026
Downtown Portland hotel sells for 94% less than 2016 price
The Royal Sonesta hotel in downtown Portland recently sold for $6.8 million, a 94% decrease from its 2016 sale price of $108.3 million. This transaction highlights the ongoing weakness in Portland's commercial real estate market, with other hotels also selling at significant markdowns. The decline is attributed to a slow rebound in tourism and a high vacancy rate in downtown offices.
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