Reported Oct 12, 2026 · Source: REBusiness Online
The Hotel Zags is a hospitality sale in Portland (Pearl District & core), Portland. Other details we have: buyer NewcrestImage; price $10M (Pebblebrook Hotel Trust, per citybiz; closed Oct. 8); size 174 rooms. REBusiness Online reports: “PORTLAND, ORE. — Dallas-based NewcrestImage has purchased The Hotel Zags, a luxury lifestyle boutique property in downtown Portland. Terms of the transaction were not released. NewcrestImage will manage the property in-house. Situated in Portland’s Cultural District, The Hotel Zags features 174…”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at REBusiness Online. What the article says:
PORTLAND, ORE. — Dallas-based NewcrestImage has purchased The Hotel Zags, a luxury lifestyle boutique property in downtown Portland. Terms of the transaction were not released. NewcrestImage will manage the property in-house. Situated in Portland’s Cultural District, The Hotel Zags features 174 guest rooms, 2,700 square feet of flexible meeting/event space, a free-play retro game arcade, curated collection of local artwork, complimentary nightly s’mores and a nature-focused courtyard with a living wall, lounge areas and fire pits, as well as a kid-friendly patio with sandbox and toys. The dog-friendly hotel also features an onsite casual restaurant, PLS on Sixth that offers American comfort food and cocktails, indoor/outdoor seating and two private dining rooms.
NewcrestImage Acquires 174-Key The Hotel Zags in Downtown Portland
Article date: 2026-10-12T15:04:30+00:00
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