Portland–Vancouver–Hillsboro MSA
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Signals
1 citedPebblebrook sold The Hotel Zags (Portland) — $10.0M / ~$57K per room
Pebblebrook (PEB) sold The Hotel Zags (Portland, 174 rooms) for $10.0M (~$57K per key (derived)).
History
Airport passengersJul 2026: 953.8K passengers, +3.7% YoY
Passengers boarding flights (enplanements), all carriers, at Portland, OR: Portland International (PDX).
| Month | Passengers | YoY |
|---|---|---|
| Jul 2026 | 953,753 | +3.7% |
| Jun 2026 | 910,870 | +4.1% |
| May 2026 | 776,798 | +2.7% |
| Apr 2026 | 728,417 | +7.3% |
| Mar 2026 | 718,257 | +3.8% |
| Feb 2026 | 580,102 | +5.6% |
| Jan 2026 | 602,495 | +2.2% |
| Dec 2025 | 765,426 | −0.3% |
| Nov 2025 | 715,250 | +2.5% |
| Oct 2025 | 816,843 | +4.1% |
| Sep 2025 | 785,009 | +3.9% |
| Aug 2025 | 906,614 | +5.2% |
| Jul 2025 | 919,403 | +6.3% |
Show yearly (2015–2025)
| Year | Passengers | YoY |
|---|---|---|
| 2025 | 9,049,998 | +4.9% |
| 2024 | 8,628,892 | +6.3% |
| 2023 | 8,115,842 | +12.2% |
| 2022 | 7,233,023 | +25.6% |
| 2021 | 5,757,666 | +65.8% |
| 2020 | 3,472,025 | −64.5% |
| 2019 | 9,789,568 | −0.1% |
| 2018 | 9,797,779 | +3.9% |
| 2017 | 9,427,416 | +4.0% |
| 2016 | 9,064,803 | +8.7% |
| 2015 | 8,337,544 | — |
Lodging jobs & wages2024 (latest published for metro areas): 9,979 jobs, — YoY
Accommodation (NAICS 721), private sector, Metro area (BLS area code C3890). Employment and wages at hotels and other lodging, a public proxy for lodging activity. Not occupancy, ADR or RevPAR. Each market uses one industry level across all years shown.
| Year | Jobs | YoY | Wages | Estab. |
|---|---|---|---|---|
| 2024 | 9,979 | — | $400.3M | 443 |
| 2022 | 8,623 | +27.1% | $324M | 438 |
| 2021 | 6,787 | −0.8% | $229.3M | 422 |
Show yearly (2015–2024)
| Year | Jobs | YoY | Wages | Estab. |
|---|---|---|---|---|
| 2024 | 9,979 | — | $400.3M | 443 |
| 2022 | 8,623 | +27.1% | $324M | 438 |
| 2021 | 6,787 | −0.8% | $229.3M | 422 |
| 2020 | 6,843 | −39.4% | $213.3M | 419 |
| 2019 | 11,294 | — | $348.1M | 398 |
| 2017 | 10,412 | +2.2% | $291.1M | 386 |
| 2016 | 10,191 | +1.2% | $267M | 374 |
| 2015 | 10,066 | — | $258.7M | 369 |
Per-year files: 2024 ↗ · 2022 ↗ · 2021 ↗ · 2020 ↗ · 2019 ↗ · 2017 ↗ · 2016 ↗ · 2015 ↗
Sources: U.S. Bureau of Transportation Statistics, T-100 via TranStats (Passengers data element) ↗, airports PDX, Jan 2015–Jul 2026, accessed 2026-11-04. BTS publishes T-100 airport data about three months after the month ends; the latest month here is the newest BTS had posted when accessed. U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages ↗, annual averages, accessed 2026-11-04; withheld years left out.
Assets
none yetWho owns here
12 REIT-owned hotels · AHT, APLE, INN, PEB, RLJ, SHO, XHR- Hyatt Regency Portland at the Oregon Convention Center600 roomsXHR
- The Nines, a Luxury Collection Hotel, Portland331 roomsPEB
- Embassy Suites Portland276 roomsAHT
- Residence Inn by Marriott Portland258 roomsINN
- The Bidwell Marriott Portland258 roomsSHO
- Courtyard Portland City Center256 roomsRLJ
- Hampton Portland243 roomsAPLE
- Hyatt Place Portland136 roomsINN
Recorded REIT transactions (comps)
From REIT filings; this list may be incomplete.