Wharton Hospitality Sells Holiday Inn Express & Suites in Montrose, Colorado

Wharton Equity Partners | August 1, 2022

MONTROSE, COLO. (August 1, 2022) — Wharton Hospitality, an operating platform of real estate investment firm Wharton Equity Partners, announced today that they have sold the Holiday Inn Express & Suites in Montrose, Colorado. The buyer and purchase price were not disclosed. Wharton purchased the 122-key building during 2011 in an off-market transaction with a local lender. The acquisition was made in partnership with an affiliate of Waramug Hospitality, a national hotel investment firm. In the subsequent years, the partnership oversaw a multi-million dollar renovation effort to enhance the property’s long-term value, and secured a r...