The Crowne Plaza Denver Downtown hotel at 1450 Glenarm Place has been sold for $72 million to a Massachusetts real estate investment trust, according to public records.
It's the second sale of a major downtown hotel to be reported by the Denver Business Journal in as many weeks. Last week, the DBJ reported the sale of the Curtis hotel at 1405 Curtis Street for $86 million.
Florida-based Driftwood Hospitality Management purchased the property in 2006 and sold it earlier this month to Hospitality Properties Trust Inc., a subsidiary of REIT Management and Research LLC, based in Newton, Massachusetts.
Read more at the Denver Business Journal: http://bit.ly/1dDMnlv
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