BETHESDA, MA—Marriott International 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.
“BPM wanted an operator that was a market leader in both Five Star Hotel operations and co- branded residential units,” said Walter Bowen, CEO and Founder of BPM Real Estate Group. “We interviewed several firms and elected to go with Ritz-Carlton as their culture of excellence was a good fit with BPM Real Estate Group’s culture. BPM creates properties with superior design, intelligent development, superior customer focused property management and efficient partnerships. Dedicated to enriching lives and inspired built environments, BPM represents an unwavering commitment to quality in all aspects of a project.”
Under the contract, the brand would manage 251 hotel rooms and 138 residential units—including eight penthouses—within a nearly $600 million, 35-story tower that would have views of the city’s landscape. Construction is expected to commence later this year, with an anticipated opening in early 2023.
“This is the first project BPM has worked on with Marriott,” he said. “The BPM and Marriott team have been working together for over a year on the design of the 35-story mixed-use tower. The entire Marriott team is committed to delivering the finest hotel and residences in the Pacific Northwest.”
The hotel and residences would rise within BPM’s planned mixed-use tower, which would also feature high-end office space, retail space and a ground-level food hall. The site is a few blocks from Pioneer Courthouse Square, a popular tourist destination in Oregon, and the shopping destination Pioneer Place. It’s also within walking distance to Portland’s central business district and the Pearl District, the former warehouse district now known for its chic restaurants and bars, galleries and boutiques.
Once open, The Ritz-Carlton, Portland will offer exclusive entrances for hotel guests and residence owners, along with high-end amenities including a fitness center, full-service spa and swimming pool on the 19th floor. Plans for the mixed-use tower call for multiple food and beverage venues, including a food hall on the ground floor and an indoor/outdoor restaurant and bar on the 20th floor with views of Portland and the Cascade Mountain Range. The tower is also slated to have more than 13,000 sq. ft. meeting space for business events and special celebrations.
The Ritz-Carlton Residences are expected to provide luxury living at a level not yet seen in Portland, complete with sophisticated style, luxurious finishes and legendary Ritz-Carlton service, including room service and housekeeping. Owners will have dedicated amenities such as an 8th floor owner’s lounge and fitness facility, along with wrap-around views of Portland’s downtown skyline on one side and the Cascade Mountain Range and Willamette River on the other.