2019 Pacific Northwest Hotel Sumit | Bisnow | 12 February 2019 | Four Seasons Hotel Seattle , 99 Union Street Seattle, WA 98101 USA

What You'll Learn?
1. Why do investors see the Pacific Northwest as an attractive market for hospitality?
2. What does the sharp increase in supply mean for existing properties in the markets?
3. While the hotel development boom will likely lead to the usual increased tourism affects (traffic, street congestion, etc.) , what benefits can residents in the region expect?
4. How are these hotels differentiating themselves and establishing strong and unique brands?
5. What, if any, neighborhoods and submarkets have not yet been tapped into?

WHY THIS MATTERS
Portland and Seattle, the Pacific Northwest's two largest markets, continued to exhibit tourism growth in 2017. Portland saw 8.6 million tourists while Seattle hosted a whopping 39.9 million guests, representing growth for an eighth consecutive year.

On the development front, Portland is in the midst of a continued – and elongated – boom. According to data from STR, 1,700 new rooms were added to the city's inventory in 2017 and through June 2018, an additional 2,507 rooms were in development. Overall this represents 8.5% of the market's exiting supply (29,328 rooms). Coupled with the increase in development is newfound investment interest from domestic and foreign firms.

Further north, Seattle is in the thick of an uptick of its own. As of September 2018, the city had 15,049 hotel rooms – a 15% increase from 2013. Beyond the current inventory, five hotels (1,897 rooms) are under construction with four hotel (876 rooms) in final planning and four hotel (567 rooms) in early planning.

2019 Speakers

Colin Carvey
Vacasa SVP of Growth

Matt Griffin
Principal Pine Street Group

Shauna Decker
VP of Design & Development R.C. Hedreen Co.

James Wong
Co-Founder & CEO Vibrant Cities

Jena Thornton
Principal, Hospitality Kinzer Partners

Edward Shagen
VP of Hotel Development, Western Region The Widewaters Group

Stacy Marchesano
Attorney Garvey Schubert Barer

Bashar Wali
President Provenance Hotels

John Oppenheimer
CEO Columbia Hospitality

Mitch Lund
Real Estate & Construction Consultant Fulcrum

Kelsey Bunker
Co-Founder & Co-Owner Jupiter Hotels

Rebecca Luong
Associate Principal MG2

Greg Duff
Owner Garvey Schubert Barer

2019 Sponsors

• GARVEY SCHUBERT
• MG2
• ABBOTT
• meyer wells
• Fulcrum