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Ritz-Carlton’s Pacific Northwest Debut is in $600M, 35-Story Portland MXU Tower
Marriott International, Inc. inked a deal with Portland-based BPM Real Estate Group to bring the Ritz-Carlton brand for the first time to Portland and the Pacific Northwest. The hotel brand would manage 251 hotel rooms and 138 residential units – including eight penthouses – within a nearly $600 million, 35-story tower at 900 S.W. Washington St. near Pioneer Courthouse Square.
Marriott International’s Noah Silverman says, “This landmark project is a game changer for The Ritz-Carlton brand and the City of Portland. The Ritz-Carlton, Portland will set a new standard for luxury hospitality in Portland, expand this iconic brand to the Pacific Northwest and introduce locals to the refined elegance and amenities associated with the Ritz-Carlton Residence lifestyle.”
The hotel and residences would rise within BPM’s planned mixed-use tower, which would also feature 180,000 square feet of office space, retail and a ground-level food hall. Construction is expected to commence later this year, with an anticipated opening in early 2023.
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