February 3, 2017
LaSalle Hotel Properties tapped Provenance Hotels to manage the 151-key Heathman Hotel in Portland, OR. Provenance takes the management reins a little more than two years after LaSalle Hotel paid $64.3 million for the historic hotel.
Provenance will take over the hotel’s management duties from JRK Hotel Group on Feb. 13. And, for the locally based Provenance, managing the property at 1001 S.W. Broadway is somewhat of a second chance since it had attempted to buy the hotel in late 2014.
“We wanted to buy it, but we didn’t get there,” Provenance President Bashar Wali told the Portland Business Journal. “We didn’t go home crying or anything. Fast-forward two years, and we get a call from them about wanting us to manage the hotel. It was a great compliment, and we said yes.”
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