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US hotel deals: Portland Marriott Downtown Waterfront sells for $30.1 million

Bridgeton Holdings acquires Sheraton Miami Airport Hotel & Executive Meeting Center
Sculptor Capital Management acquired the 506-room Portland Marriott Downtown Waterfront in February 2026. (CoStar)
Sculptor Capital Management acquired the 506-room Portland Marriott Downtown Waterfront in February 2026. (CoStar)
CoStar News
February 17, 2026 | 1:33 P.M.

This roundup features the latest hotel transactions in the U.S. hotel industry.

Hotel nameRoomsLocationPrice, including debtPrice per roomBuyerSellerDate of transactionTakeaway
Portland Marriott Downtown Waterfront506Portland, Oregon$30.1 million$59,561Sculptor Capital ManagementAllianceBernstein L.P. and DiNapoli Capital PartnersFeb. 4, 2026The hotel previously sold for $82.8 million in November 2013.
Hilton Baton Rouge Capital Center291Baton Rouge, Louisiana$40.5 million$139,175Northshore DevelopmentRockbridgeJan. 29, 2026The hotel previously sold for $40 million in September 2012.
Sheraton Miami Airport Hotel & Executive Meeting Center405Miami$67.5 million$166,667Bridgeton HoldingsHHM Hotels and Dune Real Estate PartnersJan. 21, 2026The hotel was last sold for $69.6 million in June 2015.
Normandy Plaza Hotel63Miami$26 million$412,698The Kolter Group and BH GroupVilarino Property GroupJan. 13, 2026The hotel closed in 2013 due to unsafe conditions. There are plans to turn the building into a luxury condo.
Sports Illustrated Resorts Chicago250Chicago$33.7 million$134,784Sports Resort DevelopmentAccsicJan. 8, 2026Accsic bought the hotel for $77.4 million from Virgin Hotels North America in June 2025.
DoubleTree Hotel Phoenix Tempe270Tempe, Arizona$27.5 million$101,852McCarthy Building CompaniesDriftwood Hospitality ManagementJan. 7, 2026The property will be converted into McCarthy's new campus for employee development, innovation, leadership programming and company culture.

Click here to read more hotel news on CoStar News Hotels.