Peachtree Recaps Portland-Area Hotels With $41M Loan
WalshDupart acquired the adjacent Hilton-branded hotels in Hillsboro, Ore., three years ago
By Andrew Coen November 9, 2026 3:21 pm
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Hospitality investment firm WalshDupart has sealed $40.5 million of bridge debt for the recapitalization of two adjacent Hilton-branded hotels in the Portland, Ore., metropolitan area, Commercial Observer has learned.
Peachtree Group originated the three-year loan with two 12-month extension options for the 165-room Embassy Suites by Hilton Portland Hillsboro and the 106-room Hampton Inn & Suites Portland/Hillsboro-Evergreen Park in Hillsboro, Ore.
Keegan Bisch, vice president of originations and credit at Peachtree, said both hotels have strong demand drivers, being located within Oregon’s Silicon Forest technology hub anchored by Intel and ASML along with a new minor league baseball stadium for the Hillsboro Hops that debuted in April. He noted that the market continues to attract major corporate investments including an advanced semiconductor manufacturing initiative from Intel and a $750 million expansion from biotech firm Genentech.
“There is a lot of growth in tech and related industries out there,” Bisch told CO. “There’s very little new supply coming up out there and these are really well located and probably two of the nicest hotels in the market.”
Bisch noted that both hotels draw strong business travel, especially the Embassy Suites, which has close to 5,000 square feet of meeting space.
Located at 9355-9399 Northeast Tanasbourne Drive 11 miles west of Downtown Portland, the Embassy Suites and Hampton Inn & Suites were developed by Western States Lodging & Management in 2014 as a dual-branded property. WalshDupart acquired the hotels in 2023 and underwent a capital improvement plan.
WalshDupart did not immediately return a request for comment.
Andrew Coen can be reached at acoen@commercialobserver.com.
