stonebridge
Stonebridge Cos. Acquires Five-Property Portfolio Across U.S.
Stonebridge Cos. | December 11, 2023
The purchase of the portfolio represents the firm’s continued focus on strategic growth throughout the country into both new and existing markets DENVER — Stonebridge Cos. (“Stonebridge”), a privately owned, nationally recognized, innovative hotel owner and manager headquartered in Denver, acquired a five-property, approximately 1,200 key hotel portfolio spanning the U.S. in late November. “Our closing of this transaction was especially rewarding due to the size of the portfolio, the multiple moving parts and speed in which we were able to complete the deal,” said Navin Dimond, CEO and founder of Stonebridge. “We are ex...
Stonebridge Cos. Acquires DoubleTree by Hilton Hotel Las Vegas Airport
Stonebridge Cos. | October 4, 2022
DENVER — Stonebridge Cos., a privately owned, nationally recognized, innovative hotel owner, operator and developer headquartered in Denver, acquired the DoubleTree by Hilton Hotel Las Vegas Airport, marking Stonebridge’s expansion into the Las Vegas market. “We are excited to continue our growth with the recent acquisition of the DoubleTree Las Vegas Airport hotel. Our new partnership with TowerBrook Capital Partners and other private investors provides us a tremendous platform for us to achieve our significant growth plans throughout the U.S. and this acquisition is the first of many going forward,” said Tom Brinkman, president a...
OTO Development Opens AC Hotel by Marriott in Downtown Bethesda, Maryland
AC Hotel by Marriott Bethesda Downtown | August 17, 2022
AC Hotels by Marriott, part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, has opened the doors to its newest hotel in the heart of downtown Bethesda, Maryland, bringing the brand’s signature “perfectly precise hotel” experience to a thriving urban center near the nation’s capital. AC Hotel Bethesda Downtown welcomed its first guests on August 16, 2022, with a purposeful design that strikes the perfect balance of form and function, featuring curated artwork evoking a true sense of place. OTO Development, part of The Johnson Group, developed and will manage the new hotel, which is adjacent to and shares amenities with ...
Stonebridge Companies Acquires Denver Airport Marriott at Gateway Park
Stonebridge Companies | April 25, 2022
DENVER — Stonebridge Companies, a privately owned, nationally recognized innovative hotel owner, operator and developer headquartered in Denver, has acquired the Denver Airport Marriott at Gateway Park. Stonebridge Companies will serve as the property owner and operator of the hotel. The acquisition of this full-service property is a further expansion of Stonebridge's intent to own and operate properties within the vicinity of Denver International Airport, the third-busiest airport in the world. “As we continue to aggressively pursue new opportunities for continued growth throughout the country, it was clear from the beginning this pro...
Stonebridge Companies Acquires Residence Inn by Marriott Herndon Reston
Stonebridge Companies | February 25, 2020
DENVER — Stonebridge Companies — a Denver-based, privately owned, innovative hotel owner, operator and developer — has acquired and will manage the 168-room Residence Inn by Marriott Herndon Reston in Herndon, Virginia. The acquisition is Stonebridge Companies’ second in less than three months and third since late 2018. Stonebridge last month announced the purchase of the Le Méridien New Orleans, and in late 2018 acquired the Embassy Suites by Hilton New Orleans. The Residence Inn by Marriott Herndon Reston is located at 315 Elden St. in Herndon, just minutes from Washington Dulles International Airport and blocks from Reston T...
Stonebridge Companies in Partnership With Walton Street Capital Acquires Le Méridien New Orleans
Stonebridge Companies | January 8, 2020
Stonebridge Companies, a Denver-based, privately owned, innovative hotel owner, operator and developer, in partnership with an affiliate of Walton Street Capital, L.L.C., has acquired the 410-room Le Méridien New Orleans hotel. The acquisition is the group’s third in the New Orleans market and second in just over 12 months, having purchased the Embassy Suites by Hilton New Orleans in late 2018. Le Méridien is located in the heart of downtown at 333 Poydras Street and is just steps away from Harrah’s New Orleans Casino, the legendary French Quarter, Bourbon Street and the renowned Warehouse Arts District. The property also provides co...
