Paramount Lodging Advisors Selected to Advise in the Sale of Hilton Garden Inn Lake Oswego, Oregon

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Paramount Lodging Advisors (“PLA”) has been retained as the exclusive advisor in the sale of the Hilton Garden Inn, Lake Oswego, Oregon.

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The hotel is located at 14850 Kruse Oaks Boulevard, immediately off of Interstate 5 and approximately 8 miles south of Portland, Oregon.

The hotel is located in one of Portland’s most affluent suburbs, Lake Oswego, and lies on the doorstep of one of the most sought after Class A office markets in the region, the 2.3 million square foot Kruse Way Corporate Park (KWCP). Corporations within close proximity to the hotel include; Flir Systems, Healthnet, Hewlett Packard, Honeywell Corp., Infocus Corp., Mentor Graphics, Novellus, Sysco Foods, and Xerox.

The 179-room Hilton Garden Inn is a 6-story concrete construction hotel that was opened in 2000. The hotel’s urban design provides an efficient layout for mechanicals and back of the house functions yet remains consistent with expectations of the Hilton Garden Inn brand. Guestrooms offer an array of thoughtful amenities including complimentary high-speed Internet access, dual line speakerphones with data ports and voicemail, a large work desk with desk level outlets, adjustable lighting and ergonomic chair, hair dryer and ironing board. The lobby features the classic Hilton Garden Inn seating area and the Great American Grill breakfast area. The hotel offers a meeting room, boardroom, fitness facility, indoor pool & spa, The “Pavilion Pantry” and a business center.

Investment Highlights:

  •     CMBS Special Servicer REO
  •     Significant market upside with ADR and Occupancy
  •     Recovering Kruse Way office market, expected to be above 90% in short term
  •     2.3 million square feet Class A Office Space
  •     Delivered Free & Clear of management
  •     One of the most sought after brands in the Country
  •     Proven history of strong cash flow and bottom line

About Paramount Lodging Advisors

Paramount Lodging Advisors is a hotel advisory and brokerage firm specializing in the acquisition, asset management, debt and equity placement, and disposition of hospitality assets across the United States, Canada, & London. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com

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Scott Griemsmann
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