- 221-room unbranded full service hotel and 53,000 square feet of stateof-the-art convention facilities.
- Located along the picturesque Deschutes River in Bend, OR.
- Acquired in March 2015 for $32.4mm.
- Acquisition included 3.0-acres of excess land along the Deschutes River entitled for up to 51 hotel or commercial units.
- Business plan to complete a top-to-bottom guest room and public space renovation to mirror the quality of the recently completed convention facilities, and increase market penetration through improved sales and marketing.
- Completed $10.1mm renovation program including fully renovating all guest rooms, and relocating and expanding the lobby, restaurant and bar/lounge.
- Overhauled the sale and marketing team and reservation process to improve hotel performance and positioning
- Adding a full service spa to further amenitize the hotel.
Property investment was completed by an affiliate of the Sponsor of 1st stREIT Office, Inc. as part of one of its prior programs, and is not included in the current offering of 1st stREIT Office, Inc. For more information, please refer to to the offering circular at streitwise.com/oc. All information as of 9/30/18.