Skip to content

Search

Latest Stories

Portland AC opens after conversion

Kent, WA-based InnVentures is managing the 161-room property

AC Hotel Portland Lake Oswego Opens After Conversion

Bakulesh “Buggsi” Patel–led BHG Hospitality recently opened the 161-key AC Hotel Portland Lake Oswego in Oregon, following the Crowne Plaza conversion

Photo credit: Marriott International

The 161-key AC Hotel Portland Lake Oswego in Oregon is now open following the conversion of the former Crowne Plaza Portland-Lake Oswego. It is owned by Lake Oswego, Oregon-based BHG Hospitality, led by principal Bakulesh “Buggsi” Patel, and operated by InnVentures of Kent, Washington.

The hotel is within a 15-minute drive of Portland and near several golf clubs, spas and walking trails, the duo said in a statement.


“We’ve dedicated our energy to crafting a seamless, thoughtfully designed hotel experience that enhances every part of the guest’s stay,” said Patel. “We’re especially excited about our food and beverage offerings. The AC Kitchen—modeled after a high-end residential kitchen—provides the setting for our European-style breakfast. Meanwhile, the AC Lounge, the heartbeat of the hotel, invites guests to collaborate during the day and enjoy handcrafted cocktails and small bites in the evening.”

The hotel features indoor and outdoor swimming pools, the AC Lounge and a fitness center that doubled in size during the conversion, the statement said. It also offers six event rooms totaling more than 4,500 square feet.

David Montrose, executive vice president and head of InnVentures, said AC Hotels by Marriott has built a strong reputation for its elevated style, high standards, and service—key to its loyal base of repeat guests.

“For those drawn to Lake Oswego’s beauty and outdoors, the AC Hotel Portland Lake Oswego offers a guest experience unlike any other in this area,” he said.

In November, BHG opened TownePlace Suites Eugene in Oregon, operated by Louisiana-based InterMountain Management.


More for you

NexGen Hotels Chicago acquisition

NexGen acquires Claridge House in Chicago

NexGen Hotels Expands with Claridge House Chicago Acquisition

NEXGEN HOTELS ACQUIRED the 165-room Claridge House Chicago in Chicago’s Gold Coast Historic District. The hotel will rebrand this summer as part of Hilton’s Tapestry Collection.

NexGen, based in Itasca, Illinois, is led by President Chris Patel.

Keep ReadingShow less
Exterior view of Hampton Inn in Alabama, Prattville, acquired by Sage Lane Partners in 2025, showcasing a key hospitality investment in the U.S. market.

Sage Lane, ARK acquire Hampton Inn in Alabama

Sage Lane Expands with Hampton Inn in Alabama Acquisition

A JOINT VENTURE between Sage Lane Partners and ARK Holdings recently acquired the 101-room Hampton Inn & Suites Prattville in Prattville, Alabama. Sage Lane, a private equity real estate firm, is led by Managing Partners Bhavnesh and Bhavin Vivek, while ARK, a hotel development and management company, is led by CEO Azim Saju and will operate the hotel.

This acquisition continues Sage Lane’s growth since its 2024 formation, reaching more than $350 million in assets under management, the duo said in a joint statement.

Keep ReadingShow less
Peachtree adds NJ hotel to DST portfolio

Peachtree adds NJ hotel to DST portfolio

PEACHTREE GROUP RECENTLY launched the 114-key Residence Inn Ocean Township along the Jersey Shore in New Jersey, structured as a Delaware Statutory Trust. This marks the company’s eighth DST offering since launching the program in 2022.

The Residence Inn is in Monmouth County, one of the wealthiest counties in the U.S., known for its high median income and vibrant year-round economy, Peachtree said in a statement.

Keep ReadingShow less