Marriott International Signs Contract With BPM Real Estate Group to Bring The Ritz-Carlton Brand to Portland, Pacific Northwest for First Time

Marriott International | June 21, 2019

Marriott International, Inc. (NASDAQ: MAR) has signed an agreement with developer BPM Real Estate Group to bring its Ritz-Carlton brand for the first time to Portland and the Pacific Northwest. Under the contract, the brand would manage 251 hotel rooms and 138 residential units – including eight spacious penthouses – within a nearly $600 million, 35-story tower that would have sweeping views of the city’s majestic landscape. Construction is expected to commence later this year, with an anticipated opening in early 2023. “This landmark project is a game changer for The Ritz-Carlton brand and the City of Portland,” said Noah Silver...