Union pension funds will finance a new 12-story, $50 million boutique lifestyle hotel in downtown Portland. The Moxy Hotel, a new brand by Marriott International, is expected to start construction in late October on a 7,500 square-foot lot at Southwest 10th and Alder.
The 140-foot-tall building will feature lots of brick, with aluminum composite material panels, fiberglass windows, and aluminum sliding doors and storefront. It will be built with all-union labor.
The hotel will have 197 guest rooms — most no more than 180 square feet in size. There will be no parking, and a street level bar will double as the reception desk. Customers will check in with their cell phones at the bar. Cell phones also will serve as room keys. Within the open lobby will be a central kitchen and four restaurant tenant spaces intended for food-cart vendors. The upper floor will host a hospitality suite, and the roof will have an outdoor public patio.
Howard S. Wright is the general contractor. Financing is being arranged through Washington Capital Management. Representatives from both organizations met with the Columbia Pacific Building Trades Council last month for a pre-job talk.