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DTC hotel sells for less than half of what owner paid in 2016 – BizWest


, a BizWest news partner.
In the largest sale of a Denver-area hotel since the pandemic began, a 461-room property in the Denver Tech Center has changed hands for less than half the price it fetched in 2016.
The Hyatt Regency Denver Tech Center at 7800 E. Tufts Ave. last week sold to HRDTC Hotel Owner LLC, an entity affiliated with Ontario-based Westmont Hospitality Management. The sale price was $41.54 million, according to public records.
That’s a 57 percent drop from when the seller, CP Denver LLC an entity affiliated with Columbia Sussex Management purchased the property. It paid $96 million in September 2016, records show. ....

United States , Keith Erffmeyer , Hyatt Regency Denver Tech Center , Denver Tech Center , Hotel Owner , Columbia Sussex , Hotel Indigo , Denver Marriott Tech Center , Cp Denver , Ontario Based Westmont Hospitality , Columbia Sussex Management , York Based Square Mile Capital , Hyatt Regency , Denver Marriott Tech , Kentucky Based Columbia Sussex , Assessor Keith Erffmeyer , ஒன்றுபட்டது மாநிலங்களில் , ஹையட் ரீஜென்சி டென்வர் தொழில்நுட்பம் மையம் , டென்வர் தொழில்நுட்பம் மையம் , ஹோட்டல் ஓநர் , கொலம்பியா சசெக்ஸ் , ஹோட்டல் இண்டிகோ , டென்வர் மேரியட் தொழில்நுட்பம் மையம் , கொலம்பியா சசெக்ஸ் மேலாண்மை , ஹையட் ரீஜென்சி , டென்வர் மேரியட் தொழில்நுட்பம் ,

DTC hotel sells for less than half of what owner paid in 2016


DTC hotel sells for less than half of what owner paid in 2016
BusinessDen file)
In the largest sale of a Denver-area hotel since the pandemic began, a 461-room property in the Denver Tech Center has changed hands for less than half the price it fetched in 2016.
The Hyatt Regency Denver Tech Center at 7800 E. Tufts Ave. last week sold to HRDTC Hotel Owner LLC, an entity affiliated with Ontario-based Westmont Hospitality Management. The sale price was $41.54 million, according to public records.
That’s a 57 percent drop from when the seller, CP Denver LLC an entity affiliated with Columbia Sussex Management purchased the property. It paid $96 million in September 2016, records show. ....

United States , Keith Erffmeyer , Hyatt Regency Denver Tech Center , Denver Tech Center , Hotel Owner , Columbia Sussex , Hotel Indigo , Denver Marriott Tech Center , Cp Denver , Ontario Based Westmont Hospitality , Columbia Sussex Management , York Based Square Mile Capital , Hyatt Regency , Denver Marriott Tech , Kentucky Based Columbia Sussex , Assessor Keith Erffmeyer , ஒன்றுபட்டது மாநிலங்களில் , ஹையட் ரீஜென்சி டென்வர் தொழில்நுட்பம் மையம் , டென்வர் தொழில்நுட்பம் மையம் , ஹோட்டல் ஓநர் , கொலம்பியா சசெக்ஸ் , ஹோட்டல் இண்டிகோ , டென்வர் மேரியட் தொழில்நுட்பம் மையம் , கொலம்பியா சசெக்ஸ் மேலாண்மை , ஹையட் ரீஜென்சி , டென்வர் மேரியட் தொழில்நுட்பம் ,