Posted: Jul 13, 2012, 2:22 AM
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Langley, Schlesinger submit proposals for HQ hotel
Portland Business Journal by Wendy Culverwell , Business Journal staff writer
Date: Thursday, July 12, 2012, 2:22pm PDT - Last Modified: Thursday, July 12, 2012, 2:55pm PDT
Two well-known Portland developers are vying for Metro's blessing to construct a so-called headquarters hotel at the Oregon Convention Center .
Langley Investment Properties, led by Scott Langley, and Schlesinger Cos., led by Barry Schlesinger, submitted proposals to Metro in the latest effort to finally install a convention-oriented "HQ" hotel at the convention center, 777 N.E. Martin Luther King Jr. Blvd.
Langley reassembled the team that previously planned to construct a $250 million Westin-flagged project for a fresh proposal.
The second team involves Portland-based Schlesinger Cos. and is led by Mortenson Development Inc. out of Minneapolis.
Metro intends to choose a finalist by mid-August.
The headquarters hotel is the long-missing piece of the Oregon Convention Center. The convention center opened in 1990 and was expanded in 2003. The hotel was always contemplated as a critical piece of the center, which generates significant economic activity for the region.
Travel Portland estimates Portland lost 30 conventions in 2011 alone, translating into 104,250 room nights in local hotels, 50,000 out-of-town visitors and $35 million in spending.
The previous agreement with Langley, then known as Ashforth Pacific, expired in 2009, a casualty of the recession and backlash in the hotel community against plans to finance construction with a taxpayer-backed bond.
Portland Mayor Sam Adams and the then-leaders of Metro and Multnomah County agreed to shelve the hotel conversation, citing the recession and falling visitor taxes.
Metro together with the city of Portland and Multnomah County, agreed to restart work in January, citing a thawing economy, low construction costs and rising interest from private developers in shouldering the cost to build. It solicited proposals from developers in May, with the deadline passing on July 11.
Metro wants a project with a minimum of 500 rooms on a public or private site immediately next to the convention center. The winning project must meet local sustainability goals, offer full-service amenities and minimize any public financing for construction or operations.
Metro won’t immediately disclose the financial terms of the proposals, citing an exemption in Oregon’s public records law.
The two proposals:
Langley Investment Properties, a Portland-based real estate investor and developer centered in the Lloyd District, wants to construct a Sheraton-flagged hotel on one of two sites under consideration. The company declined to describe its proposal in detail, but said it followed Metro’s injunction to privately finance the hotel. Its partners are Garfield Traub Development LLC, Starwood Hotels, ZGF Architects LLP, RTKL Associates Inc. and Turner Construction Co.
Schlesinger Cos. is teaming with Mortenson Development Inc., Hyatt Hotels Corp., Mortenson Construction, Ankrom Moisan Associated Architects , Elness Swenson Graham Architects, Piper Jaffray and Co. and Jones Lang LaSalle Hotels . Spokespeople for both Schlesinger and Mortenson were not available for comment. The Schlesinger hotel would likely be constructed to the north of the convention center, where principal Barry Schlesinger controls a development site.
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