Marriott International Signs Contract With BPM Real Estate Group To Bring The Ritz-Carlton Brand To Portland, Pacific Northwest For First Time

Marriott International Signs Contract With BPM Real Estate Group To Bring The Ritz-Carlton Brand To Portland, Pacific Northwest For First Time

 

Bethesda, Md./ June 20, 2019 (STL.News)

Marriott International, Inc. (NASDAQ: MAR) has signed an agreement with developer BPM Real Estate Group to bring its Ritz-Carlton brand for the first time to Portland and the Pacific Northwest. Under the contract, the brand would manage 251 hotel rooms and 138 residential units – including eight spacious penthouses – within a nearly $600 million, 35-story tower that would have sweeping views of the city’s majestic landscape.

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