ABOUT THE PROPERTY
The Travelodge Portland City Center and Suki’s Bar and Grill is an economy class hotel built in 1968 in downtown Portland, OR. The hotel has 40 guestrooms distributed between two interior / exterior corridor two story buildings on 0.62 acres. 10,000 square feet of the property is an empty lot currently being used as overflow parking. Property amenities include a restaurant, bar, free breakfast, guestrooms with balconies, business center, onsite parking and free Wi-Fi.
This property and its value are benefited by a current change in zoning from CS to CM-3 creating greater development potential and allowing for a variety of uses with an expected height limit between 65 and 85 feet depending on use and approval by the City of Portland.
- Excellent Location in Downtown Portland, OR
- Development Opportunity
- Unencumbered Management
- Upside Potential / Strong Operating Performance
- Food & Beverage and Lottery Operations
THIS IS A CONFIDENTIAL SALE AND WE RESPECTFULLY REQUEST THAT ALL INQUIRES BE ADDRESSED THROUGH BRIAN RESENDEZ. PLEASE DO NOT ENGAGE EMPLOYEES OR INTERRUPT NORMAL BUSINESS OPERATIONS.
For a full property Offering Memorandum including financials, please register:
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