Owners to sell The Riverhouse in Bend
Published 4:01 am Thursday, February 5, 2015
- The Bulletin file photoThe entrance of The Riverhouse Convention Center can be seen in this 2008 photo. The owners have a sale pending for the hotel, restaurant and convention center.
The owners of The Riverhouse Hotel & Convention Center in Bend are planning to sell to a Washington hospitality company.
Wayne Purcell, whose family owns The Riverhouse, said the parties are working out details of the sale of the hotel, restaurant and convention center. The family also owns a golf course and land that would not be part of the sale.
“We do have a company that’s made an offer on the property. There are some contingencies,” said Purcell, who declined to say what the selling price would be.
That company is Vesta Hospitality of Vancouver, Washington. Vesta President & CEO Rick Takach confirmed the parties are under contract but declined to discuss details of the sale.
Vesta develops and manages hotels and owns seven of them, including the Comfort Suites in Redmond.
Purcell’s family opened The Riverhouse in 1975. The hotel, restaurant and convention center sit on roughly 12 acres at Mt. Washington Drive and NE Third Street.
— Abby Spegman