Laxmi Hotels Group Buys Royal Sonesta Portland Downtown

SaleHospitalityPortland (Pearl District & core)

Reported Oct 27, 2026 · Source: We Are Portland

Source: We Are PortlandRead the full report at We Are Portland ↗

Deal details

Buyer
Laxmi Hotels Group (eight-property portfolio purchase)
Seller
LLC tied to Service Properties Trust
Price
$6.8M
Size
Not disclosed
Asset class
Hospitality
Transaction
Sale
Sub-market
Portland (Pearl District & core)
Metro
Portland
Reported date
Oct 27, 2026

Summary

Downtown Portland's hospitality sector saw another major asset trade hands in October 2026, as the Royal Sonesta at 506 S.W. Washington St. sold for $6.8 million. This transaction is part of an eight-property package acquired by Laxmi Hotels Group. The seller is not named in the stored source text. Source: We Are Portland.

Summarized from the article; the quoted lines below are from the article itself.

Source: We Are Portland

Read the full report at We Are Portland. What the article says:

  • Deal / Price
    Royal Sonesta Sells for $6.8 Million in Downtown
  • Deal
    Downtown Portland's hospitality sector saw another major asset trade hands in October 2026, as the Royal Sonesta at 506 S.W. Washington St. sold for $6.8 million.
  • Buyer
    This transaction is part of an eight-property package acquired by Laxmi Hotels Group.

Article date: 2026-10-28T21:05:12Z

Frequently asked questions

Who bought the Royal Sonesta Portland Downtown property?
Laxmi Hotels Group bought the Royal Sonesta Portland Downtown property in Portland, according to We Are Portland.
How much did the Royal Sonesta Portland Downtown property sell for?
The reported price is $6.8M, per We Are Portland.
Who sold the Royal Sonesta Portland Downtown property?
The seller was LLC tied to Service Properties Trust, per We Are Portland.

Related deals in Portland

All Portland deals · More hospitality deals in Portland · Portland: this week and archive

Compiled from public sources; details can differ between sources. Always verify with the linked source.