"Despite the recent lack of liquidity for hotel financing,numerous lenders recognized the outstanding performance of thishotel given its positive growth in revenues since mid-2001," saidElliot K. Eichner, principal of the LA-based real estate investmentbanking firm. "We had significant interest from multiple lendingsources to provide financing for the Westin Portland despite thesoftening of the national economy and the impact of September11th."

The 19-story, 205-room Downtown hotel was completed in 1999. Itis the only hotel in the state of Oregon to have been awarded the"Four-Star" rating by the Mobil Travel Guide and is only one ofeight with the American Automobile Association (AAA) "Four-Diamond"designation.

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