Vancouver’s next hotel, the Residence Inn by Marriott Portland-Vancouver, is slated to open Nov. 7. In the meantime, construction crews are finishing the final touches on its lobby, fitness room and indoor pool before the new-building smell fades.
The Residence Inn is at 411 S.E. 123rd Ave., off Mill Plain Boulevard east of Interstate 205. It jumps into a local market where the supply of hotel rooms appears to be growing faster than the demand.
Nevertheless, more rooms are coming: Hotel Indigo is under construction at The Waterfront Vancouver, AC Hotel by Marriott has broken ground across the street, and 11 more hotels in the county are in the proposal stage, according to Erica Thompson, spokeswoman for Visit Vancouver USA.
According to Thompson, the number of rented hotel rooms increased by 0.3 percent from September 2018 to September 2019. But in the same time period, average occupancy rates dropped from 78.1 percent to 72.7 percent. That’s partly due to the May opening of the Best Western Premier Hotel at Fisher’s Landing, which added 155 rooms to the market.
“We’re still selling more rooms than we were last year,” said Thompson.
The Residence Inn is the first hotel from Evergreen Hospitality, a Battle Ground company headed by Alkesh Patel, chairman and CEO. The group has plans for building and managing nine more hotels in Vancouver and Portland.