Marriott International and BPM Real Estate Group signed an agreement to open the first The Ritz-Carlton hotel in Portland, Ore. The hotel will be housed in BPM’s nearly $600 million, 35-story mixed-use tower.
Construction on the hotel is scheduled to begin later this year, with an opening slated for early 2023. Under the arrangement, The Ritz-Carlton brand will manage 251 hotel rooms and 138 residential units, including eight penthouses. The hotel will feature a fitness center, full-service spa and swimming pool. The Ritz-Carlton Residences will provide additional amenities, such as an eighth-floor owner’s lounge and fitness facility.
BPM’s tower will also include multiple food-and-beverage venues, 13,000 square feet of meeting space, retail space and high-end office space. The site is a few blocks from Pioneer Courthouse Square and Pioneer Place and within walking distance of the city’s central business district and the Pearl District.