Ground Breaks on $224M Hotel in Portland
ByThe largest convention center in the Pacific Northwest will finally get a designated hotel now that ground has broken on the $224 million Hyatt Regency Portland. Mortenson is the developer and design-builder for the 600-key lodging destination, which will be owned and operated by an affiliate of Hyatt Hotels Corp.
The Hyatt will occupy two blocks just a stone’s throw from the 1 million-square-foot Convention Center, which will provide the hotel with a veritable built-in customer base. “Groups that viewed Portland as an attractive destination but just couldn’t manage the logistics of placing a large number of attendees all over the city sometimes opted for other venues, mainly because they offered the convenience of a large, upscale hotel. We know having the Hyatt directly across the street will help make the convention center an optimal choice,” Matt Pizzuti, deputy director of the Oregon Convention Center, said in a prepared statement…
