RevOZ Capital Invests in Eco-friendly Hotel in Oregon Opportunity Zone

NEWPORT BEACH, Calif: RevOZ Capital has partnered with Alpha Wave Investors, LLC to close an Opportunity Zone investment-a holistic hotel with street front retail.

Situated in the core of Redmond, OR, the historic property is being repositioned to a 49-room hotel featuring 13,000 square feet of street front retail, restaurant, lobby co-working and bar space. The transaction closed in March 2019.

The hotel will operate as a Soul Community Planet property, a concept established by Alpha Wave. The Soul Community Planet hotel merges environmentally friendly and socially responsible practices with healthy based accommodations—nutritious plant-based food choices are provided to fit the needs and wants of all customers. The Redmond property will offer venues for socializing, collaborating, coworking and a superior fitness experience.

The Soul Community Planet Redmond hotel is the only select service hotel centered on these values in a growing market that is failing to meet these needs. The new ownership will complete renovations within the next several months and is anticipated to reopen in 2019. The Redmond-Bend area is now known as one of the fastest growing cities in the U.S. May, 27, 2017 - Bend Among Fastest Growing Cities. A hot leisure destination, the year-round population of the Redmond-Bend Metropolitan Statistical Area is approximately 200,000, and attracts around three million visitors each year.
(PRN | 1 year ago)

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RevOZ Capital Invests in Eco-friendly Hotel in Oregon Opportunity Zone