ORIX Real Estate Americas Closes $27.75 Million Construction Loan for a New Canopy by Hilton Hotel

ORIX Real Estate Americas announced the closing of a $27.75 million construction loan that will be used to build a Class “A” hotel in Portland’s walkable Pearl District, located in the city’s center.  The 153-room hotel will be operated under the Canopy by Hilton brand and include a rooftop bar/lounge.

“The Canopy Hotel will meet a currently underserved neighborhood attracting both business and leisure travelers to the art-centric and trendy Pearl District, “said Ron Lawrie, Managing Director – Originations for ORIX Real Estate Americas.