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Developers, Pearl Hotel Investors, Propose 225-room Residence Inn by Marriott
for Pearl District, Oregon

By Brad Schmidt, The Oregonian, Portland, Ore.McClatchy-Tribune Regional News

Dec. 12, 2011--Portland developers Homer Williams and Dike Dame want to open a 225-room, extended-stay hotel in the Pearl District by 2015.

The proposed hotel, at Northwest 9th Avenue and Marshall Street, would be a Residence Inn by Marriott.

Details of the proposal are included in public documents released by the city's redevelopment agency in advance of its monthly meeting Wednesday. The Portland Development Commission already has a development deal in place for the privately owned property with Hoyt Street Properties, so the hotel proposal requires city sign-off.

City officials in 2004 conveyed the land to Hoyt Street in exchange for nearby property that will become Fields Neighborhood Park.

Hoyt Street expected to build at least 175 condos on the full-block property, east of 9th between Northrup and Marshall streets, but later proposed apartments.

Under the new plan, Hoyt Street would sell the land to Williams and Dame's Pearl Hotel Investors LLC. The property is vacant.

John Mangan, a spokesman for Pearl Hotel Investors , said Residence Inn properties offer extended-stay options that make it a good fit for the condo-heavy Pearl. The hotel would feature kitchens and office space.

"It's kind of a good fit for a residential-type district like the Pearl," he said.

Representatives for the PDC and Hoyt Street were not immediately available for comment. A Marriott spokeswoman declined to talk about the proposal.

"Until a contract is signed on a project, and has been vetted by the corporate team, we unfortunately are unable to provide any information or statements," spokeswoman Nina Herrera-Davila wrote in an email.

The hotel, according to city documents, would create about 200 construction jobs and employ 67 full-time hotel workers. The PDC would lease for hotel use 100 parking stalls at its underperforming Station Place parking garage, bringing in revenues of about $100,000 a year.

Nearby residents have been waiting for a hotel for years, said Patricia Gardner, chairwoman of the urban renewal advisory committee for the area.

She said she hopes the hotel would be inviting to nearby residents and include a good bar. If anything, she said, nearby residents don't want the hotel to be too quiet.

"In general, the idea of a hotel, everybody was thinking we need one," she said.

-- Brad Schmidt


(c)2011 The Oregonian (Portland, Ore.)

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