Stoneridge Acquires Denver Hotels

23rd August 2010 (Last Updated August 23rd, 2010 18:30)

Stoneridge Capital Partners has acquired two Holiday Inn hotels near Denver International Airport, Colorado, US, and completed its $185m investment in commercial real estate buy-outs since 2009. The takeover by the Californian real estate company includes a 161-room Holiday Inn & S

Stoneridge Capital Partners has acquired two Holiday Inn hotels near Denver International Airport, Colorado, US, and completed its $185m investment in commercial real estate buy-outs since 2009.

The takeover by the Californian real estate company includes a 161-room Holiday Inn & Suites and a 139-room Holiday Inn Express.

The properties, which were built in 2009, offer amenities including restaurants, bars, fitness centres, meeting rooms and business services.

Denver-based Stonebridge Realty Advisors, which operates a portfolio of 50 hotels in western US, will manage the assets.