PORTLAND, Ore. & MCLEAN, Va.--(BUSINESS WIRE)--Today Canopy by Hilton, Hilton Worldwide’s (NYSE:HLT) hotel brand that redefines the lifestyle hotel category, and The Buccini/Pollin Group, unveiled plans for Canopy’s first hotel in Portland, Oregon. Residing in the world famous Pearl District on Portland’s Gallery Row, among cobblestone streets and stylish upscale boutiques and restaurants, Canopy by Hilton Portland Pearl District is a new-build property slated to open in fall 2017.
“We are excited about our newest addition to our growing Canopy by Hilton portfolio,” said Gary Steffen, global head, Canopy by Hilton. “We look forward to offering our guests a truly positive stay. Introducing our guests to this exciting neighborhood via experiences such as visiting the world’s largest bookstore, Powell’s City of Books, the nearby Gerding Theater or enjoying one of several renowned art galleries.”
Located on the corner of 9th Avenue and NW Glisan at 425 NW 9th Avenue, Canopy by Hilton Portland Pearl District will introduce 153 guest rooms to this vibrant, central Portland neighborhood. Once home to abandoned warehouses and railyards, the neighborhood has undergone dramatic redevelopment and is now a shopping, dining, and entertainment mecca, making it a model for urban renaissance.
Significant economic development efforts have transformed the Pearl District into Portland’s most dynamic neighborhood, and have made it a choice location for young professionals as it is home to a variety of businesses, ranging from real estate and finance to renowned advertising agencies and software firms.
Phillips Realty Capital arranged a $27,750,000 construction loan, and EB5 Capital provided $15,500,000 in preferred equity raised from 31 foreign investors seeking U.S. residency under the EB-5 Immigrant Investor Program.
“We’ve become close working partners with Hilton over the past decade, as has EB5 Capital, and the shared experience among all three companies lends even greater confidence to the success of the project,” said Dave Pollin, co-founder and president of The Buccini/Pollin Group. “The Pearl District’s exciting array of restaurants, stylish shops, and art galleries complimented by Hilton’s excellence in hospitality, will enable guests to enjoy many memorable experiences.”
Guests will have access to 2,807 total square feet of meeting space that can be easily transformed for team building exercises or a fun game of ping pong. In addition to complimentary Wi-Fi, the hotel will offer a Transfer Lounge enabling guests to relax, change clothes, or store luggage in lieu of an extended check out.
Canopy by Hilton Portland Pearl District will reflect the neighborhood through its food and beverage offerings. The restaurant will highlight well-known local products such as wild salmon, razor clams, hazelnuts, blueberries, and fiddleheads. The beverage menu will feature signature cocktails from Portland’s renowned Distillery Row, world-class wines from the Willamette Valley and some of the country’s very first and finest craft breweries.
Canopy by Hilton Portland Pearl District will participate in Hilton HHonors®, the only guest rewards program that allows members to earn Points & Miles® for the same stay and redeem points for free nights with No Blackout Dates at more than 4,600 hotels worldwide. Hilton HHonors members who book directly through www.canopybyhilton.com will have access to benefits including digital check-in and complimentary Wi-Fi.
For more information about Canopy by Hilton, please visit www.canopybyhilton.com or http://press.canopybyhilton.com. Connect with Canopy by Hilton on Facebook, Instagram, Pinterest or Twitter using the hashtag #PositivelyYours to explore fresh-forward thinking in travel, design, and wellness.
About The Buccini/Pollin Group
The Buccini/Pollin Group, Inc. (Buccini/Pollin) is a privately held, integrated real estate acquisition, development and management company in Washington, D.C. On behalf of its principals, investors and financial partners, Buccini/Pollin has acquired or developed real estate assets having a value in excess of $4.0 billion, including over 30 hotels, 6 million square feet of office and retail space, 10 major residential communities, and multiple entertainment venues, including Talen Energy Stadium, home of the Philadelphia Union Major League Soccer team. The principals of Buccini/Pollin, along with PM Hotel Group (affiliated hotel operating company), oversee all aspects of project acquisition, finance, development, construction, leasing, operations, and disposition for its portfolio properties. For more information, please visit www.bpgroup.net and www.pmhotelgroup.com.
About Canopy by Hilton
Canopy by Hilton is the energizing, new hotel in the neighborhood offering simple guest-directed service, thoughtful local choices, and surprisingly comfortable spaces, so guests simply feel better going forward. Each property is designed as a natural extension of its neighborhood, with local design, food and drink, and delivers a fresh approach to hospitality and the guest experience. Canopy by Hilton is the lifestyle hotel brand of Hilton Worldwide. Learn more at www.canopybyhilton.com or http://press.canopbyhilton.com, or connect with us on Facebook, Instagram, Twitter, and Pinterest.
About Hilton Worldwide
Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, comprised of more than 4,600 managed, franchised, owned and leased hotels and timeshare properties with more than 758,000 rooms in 100 countries and territories. For 96 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company's portfolio of 13 world-class global brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where HHonors members can check-in, choose their room, and access their room using a Digital Key. Visit news.hiltonworldwide.com for more information and connect with Hilton Worldwide on Facebook, Twitter, YouTube, Flickr, LinkedIn and Instagram.