Chesapeake closes Denver Marriott acquisition

4th October 2011 (Last Updated October 4th, 2011 18:30)

Chesapeake Lodging Trust has completed the $119m acquisition of the Denver Marriott City Center in Denver, Colorado, US.

Chesapeake Lodging Trust has completed the $119m acquisition of the Denver Marriott City Center in Denver, Colorado, US.

The acquisition was announced in August this year.

Chesapeake has also assumed the existing management agreement under which Marriott International will continue to operate the 613-room hotel.

The Denver Marriott City Center features 28,000ft² of meeting space, including a 14,500ft² Colorado ballroom and a 6,000ft² Denver ballroom.

The trust will also renovate the food and beverage outlets, relocate the restaurant and add an additional 4,500ft² of meeting space, bringing the total space to 32,500ft².