Oxford Capital Signs Long-Term Lease for The Porter
Oxford Capital Group LLC recently signed a long-term lease agreement for The Porter Hotel Portland (218 SW Jefferson St.) with the owner of the property, Germany’s Union Investment. Part of the Curio Collection by Hilton, The Porter is a recently developed 16-story 296-room full service hotel located at the corner of 2nd Avenue and Columbia Street in downtown Portland’s Fountain District.
“We are excited to expand on Oxford’s strong relationship with Union Investment via this lease and management agreement on The Porter Hotel Portland. This builds on our successful multi-year collaboration with them on The Godfrey Hotel Boston and LondonHouse Chicago,” says John W. Rutledge, founder, chairman and chief executive officer of Oxford Hotels and Resorts LLC, and its parent company, Chicago-based Oxford Capital Group LLC.
The property is within walking distance to the Arlene Schnitzer Concert Hall, Keller Auditorium as well as the Portland Art Museum.
“The Porter Portland is characterized by an excellent micro-location and high property quality. Despite the pandemic, the operators’ interest in such properties remains high and we have held a large number of exploratory talks. Ultimately, in addition to the economic terms of the contract, the good prior experience with the tenant and manager, and Oxford’s high level of expertise in the management of gastronomy-oriented lifestyle hotels were decisive for Union Investment. With The Porter in Portland, we are now expanding the trusting partnership and look forward to continue on the road to mutual success,” says Martin Schaller, head of asset management hospitality at Union Investment.
The Porter Hotel Portland transaction is structured as a long-term lease covering 100 percent of the total rentable area of almost 200,000 square feet. With the lease and management agreement finalized, Oxford and Union Investment can re-open the hotel and capitalize on post-COVID market recovery.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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