Denver Hospitality II, LLC Acquires the Element Denver Park Meadows for $15.5M from Starwood

Starwood Hotels & Resorts Worldwide, Inc. | July 7, 2015

Third Starwood Hotel Sale to Close in the Two Months of May and June 2015 Hotel will Continue to Operate as an Element under a New Franchise Agreement STAMFORD, Conn. -- July 7, 2015 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced that it has sold Element Denver Park Meadows to Denver Hospitality II, LLC. for $15.5 million. The hotel will continue to be affiliated with Starwood Hotels & Resorts and its award-winning Starwood Preferred Guest® program. Adam Aron, CEO of Starwood on an interim basis, said: "The sale of Element Denver Park Meadows follows the recent high profile sales of two of our hotel pro...