Source: Canopy by Hilton
Canopy by Hilton

PORTLAND, Ore. and MCLEAN, Va. -- 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, thenearby 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 PortlandPearl 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 DC. 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 ww.pmhotelgroup.com.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,800 properties and more than 1 million rooms, in 122 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2021 World's Best Workplaces list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. In 2021, in addition to opening more than one hotel a day, Hilton introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 128 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Fallon McLoughlin
Hilton Worldwide
+1 703 883 5549
Hilton