Moyer remaking derelict hotel into biz-class accommodations

The Cornelius Hotel, at Southwest Alder Street and Park Avenue, was built in 1908 and sports a grand lobby but has been closed for several years. Moyer acquired the historic property in 2002 for $2.4 million, according to Multnomah County property records.

The hotel is being renovated by Moyer's firm, TMT Development Co., in partnership with TVA Architects.