AC Hotel
This downtown hotel at SW 3rd and Taylor delivered on both minority contracting and green building goals. As a partner on the project, Prosper Portland sold the property to the development team of McWhinney, Mortenson Development and Sage Hospitality, and our DMWESB, apprenticeship and green building policies applied throughout.
The 204-room hotel provides much-needed downtown inventory and increased employment in the central city and is projected to generate more than $600,000 in property tax revenues and $1,000,000 in transient lodging tax revenues annually. The contracting experience gained on this project will serve Mortenson well in its construction of the Convention Center Hotel and Garage, which broke ground in August 2017.
Project Details
Project Complete
Prosper Portland’s role:
land sale [?]$34,700,012 total project cost
69 jobs
194 construction jobs [?]
Financial Partners:
Sage Hospitality, McWhinney Real Estate Services, Mortenson Development, Marriott- LEED Silver [?]
Design & Construction:
Sera Architects, Mortenson Construction
Business and Workforce Equity Performance Data
The Business and Workforce Equity data below is specific to this project. Additional data is available for all of our under construction and recently completed projects.
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