Ritz-Carlton hotel planned for $600 million tower in Portland
Marriott International said Thursday, June 20, that its new 35-story tower to be constructed on Southwest Alder Street will be the first Ritz-Carlton in the Pacific Northwest.
The brand will manage 251 hotel rooms and 138 condos, including eight penthouses. Guests and residents alike will get the same room service and housekeeping. The tower will have a swimming pool on the 19th floor and an indoor/outdoor restaurant and bar on the 20th floor with panoramic views.
A single room in the Ritz-Cartlon San Francisco goes for $429 a night.
The $600 million tower, from local developer Walter Bowen's BPM Real Estate Group, will also have office, retail and a food court and is expected to open in early 2023. It will have more than 13,000 square feet of meeting space for business events and special celebrations.
Marriott International North America Chief Development Officer Noah Silverman said in a statement that the new Ritz-Carlton would "set a new standard for luxury hospitality in Portland."
The site for the new hotel is home to the Alder Street food cart pod, which must be cleared by June 30. It is also next door to Target's entrance, a popular gathering place for panhandlers.
Reporter, The Business Tribune
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