Solid Rock Group
Alpental Capital, Solid Rock Group, and Taconic Capital Advisors Complete Sale of Sheraton Denver Tech Center for $16.2M
Alpental Capital | January 5, 2023
Alpental Capital, Solid Rock Group, and Taconic Capital Advisors jointly announced the sale of the Sheraton Denver Tech Center for $16.2 million. The 263-room hotel located in Greenwood Village, CO last sold for $9.2 million as part of a bankruptcy auction in June 2021. The partnership completed an extensive capital improvement plan and reopened the hotel in August 2021, after being closed by the previous owner in March 2020. “We are proud to see this investment through its lifecycle from acquisition to disposition, despite the broader economic and capital markets headwinds. The transaction represents one of the few hotel investments suc...
Alpental Capital, Solid Rock Group, and Taconic Capital Acquire The Sheraton Denver Tech Center
Alpental Capital | July 14, 2021
Alpental Capital, Solid Rock Group, and Taconic Capital together have announced the acquisition of the Sheraton Denver Tech Center, a 263-room hotel located in Greenwood Village, CO. The partnership purchased the Sheraton as part of the bankruptcy auction of Singapore’s Eagle Hospitality Trust, that involved the sale of 14 properties total hotels for a price of $481.9 million. The Sheraton has been closed since March 2020, when COVID began to impact the hotel industry, and has remained closed through the prior owner’s bankruptcy process. The Sheraton’s new ownership group plans to reopen the hotel in August 2021 and occupancy is ...
