Cascade Station gains new hotel
Friday, May 3rd, 2013The Portland Development Commission Board last month approved the sale of two acres of land in Cascade Station for a new 100-room hotel.
The Port of Portland owns the 120-acre tract east of Portland International Airport, but a development team of PDC and the Bechtel and Trammell Crow corporations have a 99-year land lease to develop the property; PDC controlled 36 acres.
Nine acres of this were used last year to create a regional headquarters for the FBI.
The latest project, immediately to the east, is by Canterbury Hotel Group, which paid $759,251 for the property, according to PDC’s Bruce Allen.














