DENVER BUSINESS JOURNAL - The Embassy Suites by Hilton Denver Downtown-Convention Center has been purchased by New York City-based real estate investment trust Carey Watermark Investors 2 for $170 million, according to public records.
The 17-story, 403-room hotel is located at 1420 Stout St., in downtown Denver, across the street from theColorado Convention Center.
The property was last acquired by Cornerstone Real Estate Advisors LLC on behalf of Downtown Denver Hotel LLC for $134 million in July 2012.
The hotel will continue to be managed by Denver-based Sage Hospitality.
Read more in the Denver Business Journal.
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