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%.
|Acquisition Date:||January 2012|
|Disposition Date:||July 2015|