Hyatt Regency Portland.pdf

The Hyatt Regency Portland at the Oregon Convention Center is a 600-room hotel that began construction in August 2017. The $224 million project, with $150 million from the hotel developer and $74 million in public investment, is expected to strengthen the regional economy and establish Portland as a destination for global events.

Key features and benefits include:
- Creation of 2,000 construction jobs and 950 permanent hotel and hospitality jobs
- Forecasted opening in late fall 2019, with conservative estimates expecting a third increase in the region's convention business
- LEED-certified hotel contributing to the Lloyd District's urban sustainability and transportation
- Projected annual increase in local tourism spending: $120 million
- Projected tax revenues over the first 10 years: $103 million

The hotel will draw dozens of large events and conventions, bringing hundreds of thousands of new visitors to the region, and magnify the Oregon Convention Center's role as an economic engine. The project has a statewide impact, with visitors exploring the Oregon Coast, Willamette Valley, and Central Oregon, and a local impact, with attendees spending an estimated $404 per day.