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400 SW 1st St, Corvallis, OR 2500 SW Western Blvd, Corvallis, OR 781 NE 2nd St, Corvallis, OR 3528 Gateway St, Springfield, OR
Oregon State 4-Hotel Portfolio
Asset ClassHotel & Hospitality
HREC Investment Advisors is pleased to present the opportunity to acquire the Oregon State Four-Hotel Portfolio, consisting of the 176-key Courtyard Corvallis, the 153-key Hilton Garden Inn Corvallis, the 93-key Holiday Inn Express & Suites Corvallis On The River, and the 149-key Hilton Garden Inn Eugene Springfield (“Hotels, “Properties,” or “Portfolio”). These Hotels can be purchased individually or as a portfolio.

Overview

Investment in the Oregon State Four-Hotel Portfolio offers an ownership stake in four institutional-quality Hotels located in two of the Willamette Valley’s most dynamic markets. With a total of 571 guestrooms, the Portfolio provides an opportunity to deploy substantial equity capital across high-quality assets with top-tier brands from Marriott, Hilton, and IHG, each positioned to capture strong, diversified demand. Three of the four Hotels are located in Corvallis, home to Oregon State University, a major economic engine and demand generator that drives consistent year-round transient, group, and university-related lodging demand. The fourth Hotel is located in Eugene-Springfield, the state’s second-largest metropolitan area and home to the University of Oregon, a diversified healthcare and technology employment base, and a nationally recognized events and sports tourism calendar.

 

Unlike typical portfolio offerings, where lower-performing assets are often packaged alongside stronger properties, each hotel in the Portfolio demonstrates consistent, meaningful cash flow, with the Portfolio averaging more than $10M in NOI annually. This rare consistency across the Portfolio provides immediate scale, stable in-place cash flow, and eliminates the need to assume execution risk on underperforming assets.

 

Recent capital investment of $16.4 million across the portfolio has already delivered full renovations at both Hilton Garden Inn properties in 2025 and a comprehensive Project Blue renovation at the Holiday Inn Express in 2023, creating immediate topline upside as these assets stabilize. Only the Courtyard remains with its typical seven-year brand refresh cycle approaching, presenting a near-term opportunity for a new owner to implement brand-standard upgrades. In total, the combined capital spent and remaining investment across the four assets equates to a compelling basis of about $35K per key. Given the assets' strong underlying performance and institutional quality, targeted capital investment is expected to drive meaningful ADR growth and enhance long-term competitiveness.

Investment Highlights

  • Institutional Quality Assets Offered at Compelling Basis
  • Highly Competitive Assets
  • Significant Cash Flow Across the Portfolio
  • Diverse Employment and Demand Drivers
  • Synergistic Operational Benefits
  • Premium Branded Hotels
  • Unencumbered by Management
400 SW 1st StCorvallis, OR 97333

Sales Team

Jeffrey DuniSenior Vice President

License #: 201264758

(720) 484-1048jduni@hrec.com
Clara GriffinSenior Associate(303) 267-0057 x112cgriffin@hrec.com
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