Avenir Hospitality has acquired the Cannon Beach Hotel Collection, a portfolio of four boutique hotels located in Cannon Beach, Ore. Avenir has partnered with New York-based boutique hotel operator Life House to manage the portfolio, which represents the company’s first properties in the Pacific Northwest.
“We were drawn to Cannon Beach’s natural beauty, boutique charm and strong market dynamics, which are key elements in our thesis of investing in boutique assets in distinct leisure markets," said Daniel Lima, co-founder and managing partner at Avenir, in a statement. "We are honored for the opportunity to steward these beloved properties and further their legacy in the Cannon Beach Hotel Collection."
The Cannon Beach Hotel Collection includes four properties in midtown Cannon Beach. The Cannon Beach Hotel, a historic property dating back to 1914. The property serves as the check-in for the broader collection, which spans The Courtyard, McBee Cottages and the Hearthstone Inn. Each outpost in the collection has a unique vibe and character.
“We are thrilled to formally announce our entrance into the Pacific Northwest with the Cannon Beach Hotel Collection, which we have been proudly operating since the summer,” said Bryan Dunn, managing director at Life House. “We and our partners are actively seeking opportunities to expand throughout the region, with a core focus on independent hotels in drive-to leisure markets."