Patrick G. Lockhart
Biography & Resume

Patrick Lockhart has been in the Hotel business for over 47 years, owning and operating Hotels and Brokerage companies since 1976. During this time, he has employed up to 1,800 employees, to include 12 associate brokers specializing in Hotels and Commercial Properties.

Lockhart Realty Advisors, Executive Properties, Execulodge Corporation, Key Property Management and other companies were owned and managed by Patrick Lockhart all within the last 47 years. Executive Properties, was a 3-time National award winner of the, “Broker of the Year” award given by the American Motel Hotel Brokers Association.

He also owned and managed 30 properties for his portfolio and other investors in addition to managing for major banks, while their properties were being marketed for sale or repositioning. His firms were known as Real Estate Turnaround (RET) experts who predominately worked for different banks Real Estate Owned (RE0) departments. Mr. Lockhart’s companies also grew a reputation for developing (new construction) and redeveloping existing Hotels, while increasing their income and raising their values.

Mr. Lockhart’s companies combined have sold over 420 Hotels. Some of those Hotels were sold during his company’s time working as an agent for the Federal Government, and the Resolution Trust Corporation during the S & L crisis.

Patrick Lockhart and his associates have also sold and leased over 4.5 million square feet of commercial property space, focusing mainly in office and retail buildings. Total transactions to date are in excess of 3.2 billion dollars.

Since 1976, Patrick Lockhart, Lockhart Realty Advisors has been a licensed Commercial Real Estate Broker and appraiser. In that time, he has been on and chaired many property marketing and evaluation forums internationally. Mr. Lockhart holds a BS degree in Economics and Finance, Business Administration, with a minor in Accounting, from Portland State University. In 1985, he received a ‘CHA’ Certified Hotel Administrator, which is equivalent to a Masters in Hotel Management from Cornell University. For further information on Patrick Lockhart and Lockhart Realty Advisors please visit

Examples of Properties
Previously Owned & Operated
by Patrick Lockhart

Inns & Hotels:
Ramada, Portland Airport- 200 Rooms
Ramada, Beaverton- 140 Rooms
Shilo Inns, Canyon Rd- 150 Rooms
Anaheim Inn- 210 Rooms
Red Lion, PDX Convention Center- 175 Rooms, Partner
Holiday Inn, Wilsonville-175 Rooms, Moving Partner
Mt. Vernon Inn, WA- 200 Rooms
University Inn, Seattle- 180 Rooms, Partner
Ramada Inn, Everett- 160 Rooms, Partner
Motel 6, Sand Point Idaho- 80 Rooms
Execulodge, El Paso- 100 Rooms
Quality Inn, El Paso- 96 Rooms
Ramada Suites, Phoenix- 88 Rooms
Ramada Inn & Suites, Tucson- 240 Rooms
Ramada Inn & Suites, Anaheim- 188 Rooms
Elkhorn Country Club, Sun Valley Idaho
Execulodge McMinnville- 65 Rooms, Managed Property
Nendels Inn, Corvallis- 105 Rooms, Partner
Nendels Inn, Medford- 160 Rooms, Managed Property
29 Restaurants Owned in Total (not all listed)Jolly Roger Restaurant
Cheerful Tortoise, Eugene- Sports Bar
On Deck- Partner- Sports Bar
Cheerful Tortoise, Portland- 60-year-old Sports Bar
Sports Page- Partner- Sports Bar
Bistro- Partner- 4 Star Restaurant
Trianon- Partner- 4 Star Restaurant
Pit Stop, Beaverton- Sports Bar
Cheerful Bull Pen, Portland- 65-year-old Sports Bar Cheerful
Bar, Wilsonville
Garlic Onion, Wilsonville
11 additional Restaurants in various Hotels
*97% of these Hotels and restaurants are still operating in 2023