JLL secures refinancing for AC Hotel Vancouver Waterfront

PHOENIX, Oct. 8, 2026 - JLL's Hotels & Hospitality Group announced today that it has arranged refinancing for the AC Hotel Vancouver Waterfront, a 150-key, seven-story upscale hotel located at 333 W. Columbia Way in Vancouver, Washington.

JLL worked on behalf of the borrower, Vesta Hospitality, to secure a three-year loan with two one-year extension options.

Opened in June 2022, the AC Hotel Vancouver Waterfront was developed by Vesta Hospitality and was the first completed project within the Port of Vancouver USA's Terminal 1 waterfront redevelopment. The hotel is positioned along the Columbia River waterfront within a Qualified Opportunity Zone and operates on a ground lease with the Port. The Marriott-branded property features 150 guestrooms, 11,720 square feet of meeting space, an outdoor amenity deck, structured parking, a fitness center, spa and wellness facilities and Ondus, a Pacific Northwest Mediterranean restaurant that opened in 2025. The asset is self-managed by Vesta Hospitality, a Vancouver-based hotel owner, developer and operator founded in 1996.

The property sits within Terminal 1, a mixed-use waterfront destination that is transforming Vancouver's historic riverfront into a dynamic district featuring office, hospitality, residential, retail and public gathering spaces. The hotel benefits from immediate access to Interstate 5 and is minutes from downtown Portland, Portland International Airport and major regional attractions. The surrounding area continues to attract significant public and private investment, including office developments, public waterfront improvements and planned retail and entertainment destinations that further enhance the district's appeal.

Vancouver has emerged as a growing economic center within the Portland-Vancouver metropolitan area, supported by a diverse employment base spanning technology, healthcare, advanced manufacturing, logistics and professional services. Continued investment along the waterfront and throughout downtown Vancouver has further elevated the city's profile as a destination for both business and leisure travelers.

"JLL was an exceptional partner throughout the refinancing process," said Rick Takach, CEO of Vesta Hospitality. "Adrienne Andrews brought deep expertise in hotel capital markets, conducting a thorough canvas of the lending landscape and presenting a comprehensive range of financing options. Her strategic guidance on structure and execution gave us confidence at every stage. We look forward to working with Adrienne and the JLL team on future opportunities."

The JLL Hotels & Hospitality Group team was led by Managing Director Adrienne Andrews and Analyst Jessica Mehra.

"As the first completed project at Terminal 1, the AC Hotel Vancouver Waterfront helped establish the foundation for the district's growth into a vibrant mixed-use destination," said Andrews. "This financing supports Vesta Hospitality's long-term vision for the asset, and the continued growth of Vancouver's waterfront redevelopment."

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About Vesta Hospitality

Great Teams. Great Experiences. Great Results. These simple yet powerful words define Vesta Hospitality. At the heart of Vesta are passionate people working together every day, guided by the principle of doing the right thing to create memorable and positive experiences for everyone. Vesta Hospitality is a leading hotel management company with a premier portfolio that includes globally recognized brands and distinctive independent properties. Combining extensive operational expertise with creativity and entrepreneurial spirit, Vesta's vision is boundless. For more information, visit https://www.vestahospitality.com