Portland Hotel Sector Navigates Near-Term Headwinds as Select Submarkets and Thin Pipeline Offer Investor Opportunities

Marcus & Millichap's 2026 outlook projects continued softening in Portland's hotel fundamentals, though limited new construction and tech-corridor demand create selective bright spots. Portland's hospitality market faces a second consecutive year of declining occupancy and average daily rates in 2026, though a historically thin construction pipeline and resilient demand in select submarkets are providing pockets […]