Marcus Breuer Of Amaterra Hospitality Group Acquires RiverPlace Hotel From Marcel Verbaas For $11M
1510 South Harbor Way
$11,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 22, 2026
About this deal
AI
The asset involved in this transaction is the RiverPlace Hotel located at 1510 South Harbor Way, in the Portland, OR market. The sale price for the hotel was $11,000,000. This acquisition will expand Amaterra Hospitality Group's footprint in the Oregon hospitality sector.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $11,000,000
- Buyer: Marcus Breuer - Amaterra Hospitality Group
- Seller: Marcel Verbaas - Xenia Hotels & Resorts
- Sale Date: 07/22/2026
In this transaction, Marcus Breuer represented Amaterra Hospitality Group, a company known for owning Amaterra Winery and related hospitality ventures. Marcel Verbaas represented Xenia Hotels & Resorts, the seller of the hotel. This acquisition plays a significant role in the strategic growth plans of Amaterra Hospitality Group in the region.
Players
Portland Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93