Owners of Detroit Foundation Hotel Acquire Heathman Hotel in Portland

Aparium Hotel Group, which owns the Detroit Foundation Hotel, and Rockbridge, a private investment firm in Columbus, Ohio, today announced the acquisition of the Heathman Hotel in downtown Portland
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Heathman Hotel
Aparium Hotel Group has purchased the Heathman Hotel. // Photo courtesy of Aparium Hotel Group

Aparium Hotel Group, which owns the Detroit Foundation Hotel, and Rockbridge, a private investment firm in Columbus, Ohio, today announced the acquisition of the Heathman Hotel in downtown Portland. Terms of the deal were not disclosed.

Aparium Hotel Group has assumed management of the hotel, which is located in the heart of downtown Portland. The property features a lobby library lounge and more than 3,800 square feet of meeting space, including a sky-lit, second-floor mezzanine.

A comprehensive renovation and reposition of the hotel will be undertaken, including the addition of a flagship ground floor restaurant and bar, along with an additional bespoke cocktail bar.

“As our first property in the Pacific Northwest, and complementing our project under construction in Seattle, the Heathman Hotel is a great addition to our expanding hotel portfolio and underscores our commitment to build memorable stays and cultural connectivity in distinct markets with incredible creative capital, strong personalities, and rich histories,” says Mario Tricoci, founder and CEO of Aparium Hotel Group.

“We look forward to ushering the Heathman Hotel into a new era, while collaborating in many forms with creatives and makers in Portland to infuse Aparium’s philosophy of Translocal Hospitality.”

The Heathman Hotel opened in 1927 and is home to the only cataloged guest-lending library in the Pacific Northwest, featuring books signed by guest authors. The hotel is located near the Portland Performing Arts Center, museums, and restaurants.

“We love to invest in beloved, historic hotels like the Heathman,” says Jimmy Merkel, co-founder and CEO of Rockbridge. “What makes this even more special is partnering with Mario and the Aparium team to restore this Portland icon to its former glory as the city continues to rebound.”

Further expansion of the Aparium Hotel Group is underway with future openings planned for Denver, Seattle, Alexandria, Louisville, Atlanta, and more.

Aparium Hotel Group is a vertically integrated owner and operator of ten hotel properties across the U.S. including The Pontchartrain Hotel (New Orleans, LA),  Surety Hotel (Des Moines, IA), Hotel Haya, (Tampa, FL), Crossroads Hotel (Kansas City, MO), Detroit Foundation Hotel (Detroit), The MC Hotel (Montclair, NJ), Hewing Hotel (Minneapolis, MN), Hu. Hotel (Memphis, TN), Clayton Members Club & Hotel (Denver, CO), Jasper Hotel (Fargo, ND), Heathman Hotel (Portland, OR), and several projects in various stages of development.

For more information about Aparium Hotel Group, visit aparium.com.