(Brian Miller is on vacation.)

PORTLAND, OR-The events of September 11 aside, the local hotel market has been soft most of this year, especially with the addition of 515 more rooms on the supply side since March, according to a newly released survey by the Dundon Co., a brokerage firm.

Dundon, which specializes in brokering hospitality sales and development throughout the Pacific Northwest, conducts the survey every March and September. Rates quoted are corporate, which tend to be more stable and more accurately reflect what the average rate would be depending on the type of hotel, says company president Ed Dundon.

Room rates have increased an average of $6.91 in 47 properties, while 42 properties reported an average decrease in rates of $10.09. However, 79 properties reported no change in their corporate rates during the past six months.

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