By JASON COX
Of the Keizertimes
A California-based investment company has purchased the Keizer Renaissance Inn and Conference Center.
The 86-room hotel changed hands in December, said Antonio Thompson, who owns OPM Holding and Consulting. Bellevue, Wa.-based Keizer Hospitality LLC was the seller.
“The size of the hotel, the revenue and the town attracted us,” Thompson said. “We thought it would definitely be a gem in our portfolio of properties.”
Being close to a golf course, two malls and the Oregon State Fairgrounds played a role in picking this hotel, he said.
It will remain in operation as a hotel, and Thompson expects to at least maintain current staffing levels, if not add employees. Currently about 25 people work there.
Built in 1997, the hotel boasts a restaurant, indoor swimming pool, spa and fitness center along with several event rooms and catering service.
He said a “facelift” may be in order, with new paint and modernizing the hotel’s look by replacing carpet and other features. Thompson also plans to install new televisions and provide faster Internet service.
Thompson, 35, said he plans to market the hotel more aggressively, and focus on bringing customers to the 45th Grill, the hotel restaurant.
“The food is exquisite,” Thompson said. “We want to try to drum up more business.”
The company recently purchased hotels in Tigard and Washington, and he hopes to have as many as 10 more in his portfolio by the end of 2012. He’s been a partner in other hotels in the past, and got into the business world by starting, then selling wireless phone stores. The hotel industry was intriguing because of the steady income potential, he said.
“To me a hotel is a big house with 85 to 100 rooms; you’re just renting them to strangers,” Thompson said. “I like hotels because they’re generating revenue every day.”
Sale price was not disclosed.Print