Well that didn't take long, I knew once that building went up for sale that it would be getting torn down. Though with this hotel market, I am not surprised it is for a hotel....I am expecting a hotel bust in the coming years, but for now, I see a lot more hotels in Portland's future.
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Originally Posted by 2oh1
Wow! Another hotel! This is getting crazy. I guess they've done the math and know there will be enough demand. A hotel would be such a massive change for that location - a change for the better, of course. Lots of foot traffic!
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This summer we have hotels charging in the $300-500 range with only a few hotels charging under $300, so there is definitely plenty of demand for more hotel rooms right now....it will be really interesting when the hotels start popping up in areas outside of downtown and the Lloyd District.