PORTLAND, Ore. — After roughly 20 years in the making, the Hyatt’s new hotel opened Thursday right across from the Oregon Convention Center. Now that it is open, Portland’s economy is expected to see a big boost.
“This is huge for Portland,” said Hyatt general manager Shane Nicolopoulos. “This is going to bring 70,000 to 110,000 more room nights into the market and into the hotel industry. This is going to bring larger citywide conventions, which we're really excited about, but this feeds into all the different local vendors and businesses throughout.”
Metro estimated Portland was losing out on about a dozen conventions every year because the city did not have a big enough hotel close to the convention center. That meant the city's economy was missing out on more than $120 million annually. However, now because of the hotel opening, Metro said it has already booked about 54 new conventions through the year 2027.
The hotel also created jobs, hiring 300 new employees. Jamaal Daniel is one them.
“Leading up to it, it was nerve racking a little bit, but once we got to it, it was, it's been fun,” Daniel explained. “It's been fun all day just seeing everyone come in and out and we finally got the hotel open and it's been a really great experience.”
The hotel has 600 rooms, 39,000 square feet of meeting space, a 58-foot long bar in the lobby, a new BBQ restaurant and a market.
“Highlights in the market itself are really infusing all of the local elements within Portland, whether it's hats or books or candles or lotions all the way down to a lot of our locally sourced food and product,” said Justin Evans, who is the Hyatt’s area director of sales and marketing.
Local artists are also featured throughout the hotel, giving it more of a Northwest feel. Rooms run from about $160 a night, up to about $1,100 a night for the presidential suite.
Metro expects to see even more big conventions come to Portland, which means millions of dollars for the local economy.