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Heathman Sale? Maybe Soon, Maybe Not

PORTLAND, OR-Rim Corp. has made unsuccessful advances for the hotel in the past. All told, there have been four offers on the property in the past 18 months.

By Brian K. Miller | Updated on July 29, 2000

Delivering a letter of intent to purchase the Heathman Hotel and then telling the media about it late last month was the easy part for Rim Corp CEO Mark Burden. Now he has to deliver the financing. Now he isn’t talking.

Heathman Hotel Group president Bruce Fery is, however. After being forced by Burden’s admission to also acknowledge the LOI, Fery is making it very clear there’s a lot left to be done if a purchase and sale agreement is to result.

“We like (Rim Corp.), and it’s a serious offer, that’s why we are dealing with them,” Fery told GlobeSt.com late last week. “But we’ve been down this road before and had it not work out. A lot of things are still uncertain; there could be financing issues.”

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