Chesapeake to acquire Denver Marriott for $119m

25th August 2011 (Last Updated August 25th, 2011 18:30)

Chesapeake Lodging Trust has entered a $119m agreement to acquire the Denver Marriott City Center in Denver, Colorado, US. The 613-room property features 28,000ft² of meeting space, including the 14,500ft² Colorado ballroom and the 6,000ft² Denver ballroom. Ch

Chesapeake Lodging Trust has entered a $119m agreement to acquire the Denver Marriott City Center in Denver, Colorado, US.

The 613-room property features 28,000ft² of meeting space, including the 14,500ft² Colorado ballroom and the 6,000ft² Denver ballroom.

Chesapeake will renovate the hotel’s restaurant and food and beverage outlets, and will add an additional 4,500ft² of meeting space.

Completion of the proposed acquisition is expected within the next 30 days and Chesapeake will assume the existing management agreement with Marriott International.