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Seattle & Northwest  + Oregon  + Hospitality  | 

Portland Hotel Trades for $150M

Hamburg, Germany-based Union Investment acquired the boutique and lifestyle hotel The Porter in Portland, OR for roughly $150 million. The 16-story, 294-room property is part of the Curio Collection by Hilton brand, which opened at the beginning of the year.

The developer, vendor and operator of the hotel was Widewaters Hotel, LLC. The acquisition was made on behalf of the open-ended real estate fund Unilmmo: Global.

The Porter is located at the intersection of SW 2nd Avenue and SW Columbia Street in downtown Portland’s CBD. The hotel features an upmarket restaurant on the ground floor, a coffee bar and a grab and go market, plus a rooftop restaurant with additional lounge.

It is Union Investment’s sixth hotel acquisition in the U.S. and its second on the West Coast, following the real estate investment manager’s acquisition of the Hilton Garden Inn Seattle in 2017.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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