Convention-Adjacent Full-Service
New
For Sale
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1021 Northeast Grand Avenue, Portland, OR 97232
168-room full-service hotel directly adjacent to the Oregon Convention Center, with meeting space, multiple F&B outlets, and structured parking.
Property Size88,863 SF
Days on Market6
Property Features for 1021 Northeast Grand Avenue
General Information
Standard status
Active
Size
88,863 SF
Property subtype
Retail, Hospitality
Amenities
food-and-beverage outlets
meeting space
structured parking
Building Details
Year Built
1963
Year Renovated
2015
Listing Agency:
Alchemy Real Estate Advisors
Listed By:
Bennett Webster · License #IL 475.149994
Source:
Crexi
Added: Jul 25
Changed: Jul 28
Last Checked: Jul 28 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alchemy Real Estate Advisors
Investment Insights
Based on property information with market context.
Fee simple interest for sale in the 168-room Hotel Eastlund, a full-service boutique hotel directly adjacent to the Oregon Convention Center in Portland’s Lloyd District. The asset offers modern guestrooms, multiple food-and-beverage outlets, meeting space, and structured parking.
The property has undergone an approximately $37M renovation in 2015 and is available through a court-appointed receivership sale on behalf of a CMBS special servicer via a traditional marketing and sale process. The offering is presented unencumbered by management and debt, providing a clean path for new ownership.
A flexible go-forward strategy is available subject to buyer preference and investment thesis, including soft-brand Marriott or Hilton affiliation, full rebranding, or independent operation. Qualified buyers may also have the opportunity to assume existing CMBS financing.
The property has undergone an approximately $37M renovation in 2015 and is available through a court-appointed receivership sale on behalf of a CMBS special servicer via a traditional marketing and sale process. The offering is presented unencumbered by management and debt, providing a clean path for new ownership.
A flexible go-forward strategy is available subject to buyer preference and investment thesis, including soft-brand Marriott or Hilton affiliation, full rebranding, or independent operation. Qualified buyers may also have the opportunity to assume existing CMBS financing.
Key Highlights
- Fee simple interest in the 168‑room Hotel Eastlund, a full‑service boutique hotel in Portland’s Lloyd District
- Directly adjacent to the Oregon Convention Center, with meeting space for group and event demand
- Multiple food‑and‑beverage outlets plus structured parking on‑site
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 168-room full-service hotel directly adjacent to the Oregon Convention Center, with meeting space, multiple F&B outlets, and structured parking.
Where is this hotel located?
The property is located at 1021 Northeast Grand Avenue Portland, OR.
What are key features of this property?
This property features: Fee simple interest in the 168‑room Hotel Eastlund, a full‑service boutique hotel in Portland’s Lloyd District; Directly adjacent to the Oregon Convention Center, with meeting space for group and event demand; Multiple food‑and‑beverage outlets plus structured parking on‑site
