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Home Finance Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM
FinanceHospitalityIndustry NewsPortland

Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM

October 29, 20263 Mins read4
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Special servicer Rialto Capital Advisors has pushed the 130-room Hotel deLuxe in Portland's Goose Hollow neighborhood toward a foreclosure sale after a fresh appraisal valued the 1912 landmark at $16 million, leaving its $26.6 million CMBS loan deep underwater and COMM 2015-CR27 bondholders bracing for a loss.

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