The Block 216 tower that holds Portland’s Ritz-Carlton hotel encountered “catastrophic setbacks from the beginning” and is now only worth $425 million — far short of the $510 million owed ...

The Ritz-Carlton, with its $500-a-night rooms, has also been underperforming, according to Ready Capital which funded the project. The lender announced last month that it is eying foreclosure as ...

With the developer behind SoBro’s long-awaited Ritz-Carlton officially dropped from the deal, Marriott is eyeing a new site with a new team that includes multiple local developers. The hotel ...

Neither developer confirmed involvement in the new Ritz-Carlton deal, but Marriott’s chief development officer said an announcement is coming soon. The luxury hotel brand has its eye on the ...