HREC Investment Advisors arranged the sale of the 161-room, full-service Crowne Plaza Lake Oswego Hotel in Portland, Ore. The hotel has over 5,000 square feet of function space, restaurant/lounge, fitness center and indoor/outdoor pool. The HREC team on the transaction included Mike Blahosky (SVP- Los Angeles), Mark Lukens (SVP - Seattle) and Mike Cahill (CEO & founder HREC - Denver).
The selling investment group was represented by The Dow Hotel Company, a Seattle based owner-operator.
The buyer, Silicon Forest Hospitality, is an entity affiliate of Empire USA, a Los Angeles based Real Estate Investment Company. The hotel is now managed by Rim Hospitality, a division of Interstate Hotels & Resorts.