Sculptor Capital Management And Tamarack Capital Partners Acquire Portland Hotel For $30.1M

The asset involved is a hotel located at 1401 Southwest Naito Parkway in the Portland, OR market. The hotel is priced at $30,100,000 and comprises 506 keys, translating to a Price Per Key (PPK) of $59,486. This property, known as the Portland Marriott Downtown Waterfront, was previously purchased for $82.75 million in 2013.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $30,100,000
• Buyer: Sculptor Capital Management & Tamarack Capital Partners
• Seller: DiNapoli Capital Partners
• Keys: 506
• Price Per Key: $59,486
• Sale Date: 01/28/2026

The hotel was facing financial distress, resulting in a default on a $71 million loan, which led to a court-appointed receiver taking over due to the ongoing sluggish recovery from the COVID-19 pandemic. This transaction reflects significant financial challenges faced by the property in recent years.