PORTLAND, Oregon — The downtown Portland Ritz-Carlton hotel finally has a concrete opening date, and it's just a couple weeks away. The 35-story, $600 million Ritz-Carlton Residences will officially open with a ribbon-cutting event on Oct. 31, a spokesperson confirmed Wednesday afternoon.
The announcement comes after a previous delay that BPM Real Estate Group attributed to supply chain problems. News releases earlier this year referenced a "late summer" opening timeframe, but the Portland Business Journal reported in July that the window had been pushed back from August to October, still without a specific date.
The hotel's website still said "Opening 2023" as of Wednesday morning, and the Marriott booking website (Ritz-Carlton is a Marriott subsidiary) said the tower was "Opening Soon Oct 2023" — although the website already appeared to be accepting reservations scheduled for Oct. 31 or later.
The building at Southwest 9th and Washington holds 251 hotel rooms and 132 condos on the upper floors, ranging in price from around $1.3 million to close to $8 million. The tower will also feature 16,000 square feet of meeting and event space, including an 8,000-square-foot ballroom and a restaurant on the 20th floor. Hotel rooms will start at $575 per night.
It's a big investment in downtown Portland at a time when its businesses have been struggling, but the hotel's operators have spoken about wanting to become part of the effort to help the city bounce back.
"The interest is overwhelmingly positive, and we feel this will be part of sort of breathing new life into the city and into this area downtown," hotel general manager Marie Brown told KGW in June.
The project broke ground in 2020 on a block formerly occupied by a popular downtown food cart pod that housed about 50 carts, some of which later relocated to the new West Ankeny pod on the North Park Blocks. The tower will also include a food hall called Flock on the ground floor in a nod to the block's history.
