Phillips Structured $43.25 Million for Portland Canopy by Hilton

Portland, OR & McLean, VA (June 30, 2016) – Today Canopy by Hilton, Hilton Worldwide’s (NYSE:HLT) hotel brand that redefines the lifestyle hotel category, and The Buccini/Pollin Group, unveiled plans for Canopy’s first hotel in Portland, Oregon.

Today Canopy by Hilton, Hilton Worldwide’s (NYSE:HLT) hotel brand that redefines the lifestyle hotel category, and The Buccini/Pollin Group, unveiled plans for Canopy’s first hotel in Portland, Oregon. Residing in the world famous Pearl District on Portland’s Gallery Row, among cobblestone streets and stylish upscale boutiques and restaurants, Canopy by Hilton Portland Pearl District is a new-build property slated to open in fall 2017.

Phillips Realty Capital arranged a $27,750,000 construction loan, and EB5 Capital provided $15,500,000 in preferred equity raised from 31 foreign investors seeking U.S. residency under the EB-5 Immigrant Investor Program.

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