Peachtree Staff introduced the purchase of the 180-room Hilton Lawn Inn Denver Tech Middle in Denver, Colo. Peachtree’s hospitality control crew will perform the valuables.
The seven-story resort is situated within the middle of the Denver Tech Middle, some of the Denver MSA’s outstanding employment hubs and the most important place of work submarket out of doors of the Central Industry District, with 8.8 million squareft of Magnificence-An area. The world is located close to the intersection of Interstate 25 and Interstate 225, offering direct get right of entry to to the Denver CBD and Denver World Airport.
The resort additional advantages from its proximity to the under-development Bellview Station, a 50+ acre, transit-oriented, mixed-use advancement. Upon of completion, Bellview Station will contain 2.2 million sq. toes. of Magnificence-A place of work, 300,000 sq. toes. of retail; 1,800 high-end residential gadgets and 5.0+ acres of inexperienced area. Outstanding house employers come with Comcast, Oracle, Microsoft, Zoom, Charles Schwab, Constancy Investments, Newmont Mining and Western Union. The Bellview RTD mild rail station supplies direct commuter get right of entry to to Union Station and Denver World Airport.
“We’re excited to procure this premium-branded resort in a rising submarket with plenty of numerous and solid call for turbines,” stated Michael Bernath, Peachtree’s senior vp, acquisitions. “The Dever economic system is easily varied, with the town gaining popularity as a burgeoning tech hub. We imagine the growth of the R-Line, greater connectivity of the world and the of completion of the transformative Bellview Station advancement will proceed to make the Denver Tech Middle a lovely vacation spot for customers and companies alike.”
The resort was once ultimate renovated in 2014. Peachtree will make considerable investments within the assets, with complete upgrades and improvements to everything of the valuables, together with the outside, foyer house, bar and living room, assembly rooms, guestrooms, visitor baths, corridors, elevators and stairwells.
“Upon renovation, the resort would be the latest renovated assets within the house and might be situated to command an important top class in day-to-day charges,” Bernath stated.
The Hilton Lawn Inn Denver Tech Middle marks Peachtree’s 2nd resort in Denver, following its possession of the Part Denver Park Meadows in Lone Tree.
The monetary phrases of the transactions weren’t disclosed.