Homewood Suites PDX Airport

Location: Portland, OR
Type: Hospitality
Price: $17,500,000

SMC provided a $17,500,000, five-year fixed rate loan on a 105-key limited service hotel located in Portland, Oregon. The property is 3 miles southeast of Portland International Airport and 10 miles northeast of the Portland CBD. The collateral was built in 2000 and underwent a full renovation in 2018. The hotel offers a lobby computer workstation, a fitness center, a swimming pool, a food market, complimentary breakfast, and complimentary wireless high speed internet.