Canopy by Hilton
Portland, Oregon

Client
Buccini/Pollin Group

Description
Located 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 brings 153 guest rooms to this vibrant, central Portland neighborhood, once home to abandoned warehouses and rail yards.

Structuring
$43,259,000 Capital Stack — $27.75 million construction loan and $15.5 million preferred equity provided by PRC’s joint venture partner, EB5 Capital.