Portland’s Royal Sonesta: bought for $108.3M in 2016. Now reportedly sold for $6.83M for 220 rooms—just $31,000 per key. A staggering 93.7% price collapse.
This is what happens when government fails at public safety, downtown disorder spirals, Measure 110’s consequences go unaddressed, and Multnomah County’s mental-health system fails people in crisis.
Tourism doesn’t thrive where visitors feel unsafe and downtown businesses struggle to survive.
Portland didn’t get here by accident. Policy choices have consequences—and taxpayers, workers, businesses, and property owners are paying the price.
mitch4portlandpnwpolicyangelTeacherTiff4PDXkanalforpdxMayorKWilson</p>— Portland Moderate. (pdxmoderate) October 27, 2026
Portland didn’t get here by accident. Policy choices have consequences—and taxpayers, workers, businesses, and property owners are paying the price.
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