PORTLAND — The new owners of the 174-room Red Lion Hotel near the Oregon Convention Center plan to launch an $8 million to $10 million remodel next year.
Grand Ventures Hotel LLC, which bought the hotel last month, is best known in Portland as the partnership behind the 174-room downtown Hotel Modera. The group bought that property, a former Days Inn, in 2007 and reopened it in 2008 as a luxury boutique hotel.
The Red Lion — which might not operate as a Red Lion after the renovation — is going to see a renovation with a similar scope.
The work, which will close the hotel for seven to nine months, will add a lobby bar and expand the lobby and top floor restaurants. The goal is to expand on the business driven by the nearby convention center and start luring more corporate travelers visiting Portland.
