Downtown Eugene Hilton sells for nearly $80 million

The new owners plan to rename the hotel “The Graduate Eugene” as part of their Graduate hotel series.

Posted: Jun. 18, 2018 5:21 PM
Updated: Jun. 18, 2018 5:26 PM

EUGENE, Ore. -- The Eugene Hilton, an iconic downtown hotel, has sold for close to $80 million, according to the Eugene Area Chamber of Commerce.

Scroll for more content...

Brittany Quick-Warner of the chamber said the sale finalized last week, and Chicago based A.J. Capital Partners plans to renovate the hotel to give it a unique look and feel.

They plan to rename the 275-room hotel The Graduate Eugene as part of their Graduate hotel series. Quick-warner says A.J. Capital Partners has been buying up hotels in college towns all over the country and redesigning them based on local culture and icons. Quick-Warner said the high price tag shows the city is moving in the right direction.

“It's encouraging because it shows that folks really want to invest in Eugene,” Quick-Warner said. “They see the future that we have that we are trying to build right now.”

The hotel will continue to operate as a Hilton until the end of the year. Renovations are set to begin soon after and are expected to be done by summer of 2019.

Related Content

Article Comments

Eugene
Clear
59° wxIcon
Hi: 90° Lo: 55°
Feels Like: 59°
Corvallis
Clear
58° wxIcon
Hi: 86° Lo: 55°
Feels Like: 58°
Roseburg
Clear
66° wxIcon
Hi: 92° Lo: 57°
Feels Like: 66°
North Bend
Overcast
57° wxIcon
Hi: 64° Lo: 54°
Feels Like: 57°
KEZI Radar
KEZI Temperatures
KEZI Planner

LATEST FORECAST

Community Events