CBRE Hotels as the exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in the Former Portland Airport Hotel, a 200-key asset strategically located at 6221 NE 82nd Avenue in Portland, Oregon. Positioned on more than five acres within Portland's airport corridor, the Property represents a rare large-scale acquisition opportunity with multiple paths to value creation. Formerly operated as a full-service hotel, the Property features a substantial room count, generous guestroom sizes, extensive meeting and amenity space, a commercial kitchen, and an on-site restaurant. The Asset's functional layout and expansive site create a compelling foundation for a comprehensive repositioning strategy. The Property is ideally suited for investors seeking a value-add hospitality investment, adaptive reuse opportunity, or redevelopment platform. Potential uses include a renovated and rebranded hotel, multifamily conversion, workforce housing, student housing, senior housing, transitional housing, or other group-living concepts, subject to buyer due diligence and applicable approvals. Located adjacent to Portland International Airport and with convenient access to Interstate 205, downtown Portland, major employment centers, and regional transportation infrastructure, the Property benefits from a highly accessible location that supports both hospitality and alternative-use demand drivers. The offering presents a unique opportunity to acquire a large-scale asset with significant basis advantage and the ability to unlock value through capital investment, repositioning, operational improvements, and potential alternative-use execution.