The Society Hotel
Portland, OREGON, USA
$4,500,000 · 62 keys
The Society Hotel – Portland is a 62-bed independent, economy-scale, interior-corridor hospitality asset housed in a historic, 4-story, 11,924 SF brick building in downtown Portland’s Old Town Chinatown neighborhood. Extensively renovated to achieve LEED Silver certification, the property features a highly flexible room mix of custom bunkbeds, traditional rooms with shared private baths, and premium ensuite king units. On-site amenities include a ground-floor cafe and bar with a full liquor license, a historic lobby lounge, and a panoramic rooftop deck featuring a year-round outdoor spa and sauna lounge area.
Operating 100% unencumbered by franchise flags or management agreements, the asset offers ultimate operational flexibility and a proven independent brand identity. Positioned just three blocks from Tom McCall Waterfront Park and two blocks from the MAX Light Rail system, the building’s layout and federal Opportunity Zone designation support a continued boutique lodging rebrand or an immediate adaptive-reuse conversion into senior, student, multifamily, or transitional housing to capture steady regional demand anchored by Portland’s $5.5B visitor economy.
Highlights
Seller Open to Joint Venture, Recapitalization & Other Creative Structures.
10.96% Cap Rate | 15.57% ROI | 4.18 GRM (Adjusted)
Located In A Qualified Opportunity Zone Location
3 Blocks To Tom McCall Waterfront Park and Willamette River
Walkable Old Town Chinatown Neighborhood
Historic Property With LEED Silver Certification
TripAdvisor’s #1 Ranked Portland Metro Hostel
Ideal For Multifamily, Co-Housing, Or Adaptive Reuse
Flexible Ensuite, European, and Dorm-style Rooms
Proximity To Saturday Market and Public Transportation
Location
Portland is a city located along the Willamette River, where a historic downtown core meets the Pacific Northwest landscape. Its walkable Old Town Chinatown neighborhood features vintage architecture, local shops, art galleries, and tax-free shopping destinations. The area is anchored by cultural landmarks like the Lan Su Chinese Garden and a performing arts scene, as well as the city’s food, craft brewery, and coffee culture.
Visitors have access to year-round outdoor recreation, including hiking in Forest Park, cycling along the Tom McCall Waterfront Park loop, and river activities. Annual community events, farmers’ markets, and the Portland Rose Festival highlight the area’s local atmosphere.
This central district capitalizes on Portland’s status as a major Pacific Northwest tourist destination, sitting 20 minutes from an international airport with nationwide flights and direct regional access to the Oregon Coast, the Willamette Valley wine country, and Mount Hood.
