Riverplace Hotel

Investment Summary

KHP II acquired this high-quality asset in an irreplaceable location on the Willamette River at an attractive going-in yield. The property was previously managed by a smaller regional operator, providing an opportunity to improve topline performance through better branding, distribution, and revenue strategy, further supported by $2.6 million in strategic upgrades to FF&E. RevPAR penetration improved 8.4 percentage points during KHP II’s ownership, helping to produce an NOI increase in excess of 100%.

Location: Portland, OR
Keys: 84
Strategy: Operations Enhancement
Acquisition Date: January 2012
Disposition Date: July 2015

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