Portland’s Amaterra Hospitality Group, owners of Amaterra Winery in Portland, Oregon, and Amaterra Kitchen + Social Club in Bend, Oregon, purchased Portland’s landmark RiverPlace Hotel in late July. This marks the beginning of a new chapter for the property, as Amaterra Hospitality Group focuses on participation in the revitalization of Portland’s waterfront and enhancing one of the city’s most-prominent hospitality assets. Amaterra Hospitality Group selected CoralTree Hospitality of Englewood, Colorado, to manage the property.
Located along the Willamette River on Portland’s south waterfront, the RiverPlace Hotel offers a rare resort-style experience in the heart of downtown. The property features 85 guestrooms and suites, many with sweeping river views and residential-inspired amenities, along with premier dining, outdoor gathering spaces, and flexible meeting and event venues overlooking the marina and waterfront.
The acquisition is a significant investment by lifelong Portlanders Colleen Nistler, Werner Nistler Jr., and Marcus Breuer of Amaterra, whose vision is centered on restoring vitality and energy to Portland’s waterfront while preserving the authentic character that has made the RiverPlace Hotel a favorite among visitors and locals alike.
“The RiverPlace Hotel has long been one of Portland’s most treasured hotels and a gateway to our waterfront,” says Breuer, co-founder of Amaterra Hospitality Group, in a prepared statement. “As champions of our region, we believe deeply in the future of this city and the importance of creating vibrant spaces that bring people together. Our investment in the RiverPlace Hotel reflects a commitment to the continued revitalization of the waterfront and to preserving a property that embodies the spirit, beauty, and hospitality of Portland.”
CoralTree Hospitality President Tom Luersen says the opportunity builds upon the company’s expanding portfolio and success throughout the Pacific Northwest.
“We are thrilled to expand our presence in the Pacific Northwest with the addition of the RiverPlace Hotel to our management portfolio,” says Luersen. “This is an iconic property in one of the region’s most dynamic urban destinations. CoralTree has a long history of operating distinctive hotels and resorts throughout the Northwest and beyond, with a focus on creating authentic guest experiences that reflect the character of each destination. We see tremendous opportunity to further elevate the RiverPlace Hotel experience while honoring its longstanding connection to the Portland community and waterfront.”
The RiverPlace Hotel is known for its waterfront setting, offering guests direct access to Portland’s riverfront trails, marinas, parks, and downtown cultural attractions. The hotel also features RiverPlace Kitchen and Bar, a Pacific Northwest-inspired restaurant celebrating regional seafood and regional flavors, as well as inviting outdoor spaces with panoramic views of the Willamette River.
For groups, weddings, and special events, the RiverPlace Hotel offers more than 7,000 square feet of flexible indoor and outdoor function space, including a ballroom, executive boardroom, meeting rooms, and a riverside courtyard designed to showcase the property’s waterfront setting.
As the hotel enters its next phase, ownership and management will work together to enhance the guest experience, strengthen community connections, and reinforce RiverPlace Hotel’s position as Portland’s premier waterfront hotel.
