New owners of Portland's Eastland Hotel announce partner

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PORTLAND — RockBridge Capital, the new owner of the Eastland Park Hotel, announced last week their partner in the acquisition is New Castle Hotel & Resorts.

New Castle, based in Shelton, Conn., owns and operates 30 hotels in the United States and Canada, including the Hilton Garden Inn at the Portland Jetport. It’s properties include several major hotel brands.

Rockbridge is a hospitality investment company based in Columbus, Ohio. The company has invested in more than 300 hotels since 1992.

The purchase price was not disclosed. Magna Hospitality Group’s Portland Hotel Group, LLC had owned the downtown hotel since 2000.