Iconic Oregon beachfront resort heads for $9 million makeover

Imagery courtesy of Sonnenblick-Eichner Company.
Surfsand Resort in Cannon Beach, Oregon, USA, is to undergo a $9 million renovation to further enhance the hotel and its amenities.
The refurbishment has been scheduled after Vancouver, Washington-headquartered hotel operator Vesta Hospitality purchased the 95-room property, the only full-service resort of its kind on the Oregon coast.
Beverly Hills-based real estate investment banking firm Sonnenblick-Eichner Company arranged the $58 million sale and $40.6 million of acquisition financing of the fee simple and leasehold interests.
Unique quality
Elliot Eichner, a principal and co-founder of Sonnenblick-Eichner Company, said: “Given the unique institutional quality of this oceanfront property, we were able to orchestrate a competitive sale process resulting in a transaction that had minimal contingencies and a timely closing. Recognising that we had financed the resort three times previously for the seller, the buyer engaged us to finance their acquisition and renovation of the property.”
Patrick Brown, also a principal of Sonnenblick-Eichner Company, commented: “Adding to the wide appeal of this resort is the fact that there are tremendous barriers to entry in the Cannon Beach market and that the resort has always experienced consistent sustainable income.”
Vesta’s Vancouver venture
Vesta Hospitality has also recently overseen the opening of AC Marriott Vancouver in its local US neighbourhood. The waterfront property added 150 keys to the AC by Marriott brand in June.
Destination dining includes the AC Kitchen, which serves a daily European-style breakfast and the AC Lounge, serving locally brewed beers and handcrafted cocktails with chef-created large and small plates. The design-led hotel also offers seven meeting rooms with 11,500 sq ft of flexible meeting space.
Related Articles
Hilton inks first airport hotel for Saudi Arabia
Hilton Dammam Airport will be completed in partnership with Al Musbah Group and Damman Airports Company (DACO). Facility range The 273-key property will offer guests spacious and contemporary accommodation with direct skywalk access to the terminal building at King...
Colorado Gaylord enacts enhancements
Gaylord Rockies Resort & Convention Center is set to re-concept three of its existing restaurants, launch a new dining experience, remodel its Grand Lodge and increase the amount of function space with a new event pavilion. Leading position Known for being the...
Mama Shelter lands Liverpool property
Expected to open in 2025, Mama Shelter Liverpool will open in the George Henry Lee Building, which used to house a John Lewis department store. UK second Ennismore and Landlab, a Dubai-based Design and Development Group, entered exclusive negotiations to bring Mama...
Luxury safari lodge outlined for Botswana
The Atzaró Okavango lodge will be nestled in the wilderness of the wildlife-rich Okavango Delta, by the Moremi Game Reserve. This ultra-luxury adventure camp is the latest venture from Ibiza-based Atzaró Group, and will be located within an expansive 1,100 sq km...
Scandic hails Helsinki pair
The agreement is for a total of 459 rooms, comprising a 232-key Scandic Go site and a 227-key Scandic hotel, that are expected to open in 2028. Green hotels The new hotels will be established in one of Scandic’s key destinations where the company sees growing demand...
Project of the Week: Wynn Al Marjan Island
Wynn Al Marjan Island in the UAE’s Ras Al Khaimah will be a multi-billion-dollar integrated resort due to debut in Q1 2027 as the largest project of its kind in the Emirate's growing hospitality sector. Beachfront first The Las Vegas-based hotel and casino operator is...