Portland’s scenic south waterfront is set for an exciting new chapter. Amaterra Hospitality Group, the visionary team behind the acclaimed Amaterra Winery, has officially acquired the landmark RiverPlace Hotel. This ambitious move promises to breathe fresh vitality into the local riverfront, bringing a beloved local asset into a bright new era.

Key takeaways of the acquisition

This landmark acquisition represents a major step forward for Portland’s hospitality scene, blending local ownership with world-class management.

• Local stewardship: Owned by lifelong Portlanders Colleen Nistler, Werner Nistler Jr., and Marcus Breuer.
• Expert management: CoralTree Hospitality has been selected to operate the daily hotel experiences.
• Waterfront revitalization: The purchase highlights a deep commitment to restoring energy to Portland’s scenic Willamette River district.
• Premier amenities: The property features 85 guestrooms, a Northwest-inspired restaurant, and extensive event spaces.

A homegrown vision for Portland’s waterfront

The acquisition is a deeply personal project for Amaterra’s founders, Colleen Nistler, Werner Nistler Jr., and Marcus Breuer. As lifelong residents of the area, they see RiverPlace Hotel as more than just a real estate asset. It is a vital gateway to the city’s waterfront and a space where the community can gather and celebrate. Their investment reflects a profound belief in the future of Portland, aiming to preserve the authentic character of the property while injecting new enthusiasm into the local tourism economy.

Partnering with CoralTree Hospitality

To ensure the hotel reaches its full potential, Amaterra has partnered with CoralTree Hospitality, a rapidly growing management company known for creating highly personalized guest experiences. CoralTree already boasts a strong footprint in the Pacific Northwest, managing beloved destinations like Sunriver Resort and Suncadia. By leveraging their expertise, the partnership aims to elevate the guest experience at RiverPlace, connecting visitors directly with the unique culture, trails, and dining that make the Willamette River area so special.

What guests can look forward to

Visitors and locals alike can expect a continued celebration of regional flavors and scenic views. The 85-room hotel offers a rare resort-style escape right in the heart of downtown Portland. Guests can enjoy the popular RiverPlace Kitchen and Bar, which highlights Pacific Northwest seafood, or utilize the extensive 7,000 square feet of indoor and outdoor event space. Whether hosting a wedding in the riverside courtyard or enjoying a quiet evening overlooking the marina, the future looks incredibly bright for this waterfront gem.

Sources

• Amaterra Hospitality Group Announces Acquisition of RiverPlace Hotel, Wine Industry Advisor.