
Courtyard Basking Ridge
595 Martinsville Road, Bernards, NJ, 07920, US
235 units
JLL's Hotels & Hospitality Group, as the sole and exclusive representative of the Seller, is pleased to offer for sale the fee simple interest in the 223-key Residence Inn Portland Downtown Pearl District (the "Hotel" or "Property") located in Portland, Oregon.
The Residence Inn Portland Downtown Pearl District offers investors the opportunity to acquire fee simple ownership of a fully renovated, extended-stay hotel positioned in the heart of one of Portland's most dynamic neighborhoods. The Property's Pearl District location delivers immediate access to the area's premier attractions including Powell's City of Books, Jamison Square, and the Brewery Blocks, while its highly walkable setting connects guests seamlessly to Portland's renowned dining scene, cultural destinations, Union Station, and the Portland Streetcar network. The hotel features all-suite accommodations equipped with full kitchens, dedicated workspaces, and contemporary amenities purpose-built for the extended-stay traveler.
The Property is being offered with the potential to convert to a franchise, subject to Marriott approval, providing new ownership with complete operational flexibility to implement customized management strategies and maximize asset value.
As confidentiality is important to the Seller, all inquiries, including any questions regarding this investment opportunity, due diligence information, and access to the Property, should be directly directed to the undersigned.
We look forward to working with you on this exceptional opportunity.
Fee Simple, Institutional-Quality Extended-Stay Hotel
Market Leader with Strong In-Place Cash Flow
Prime Pearl District Location
Protected Portland CBD Submarket with Limited Development
Best-in-Class Extended-Stay Brand
Limited New Supply with Strong Barriers to Entry
World-Class Marriott Management and Franchise Conversion Optionality
Capitalize on Market Momentum and Infrastructure Developments:


