DENVER — Denver’s first dual-brand hotel has sold.
Atlanta-based Noble Investment Group, acting as NF IV-I Denver CC LLC, purchased the Homewood Suites and Hampton Inn building at 550 15th St. last week, according to public records.
Noble did not respond to a request for comment.
The records associated with the real estate transfer show the sale price was at least $86.6 million, or $287,755 a room, for the 302-unit property. Hotel sales typically involve a personal property component that isn’t always reflected in the figure that appears in public records.
Carey Watermark Investors Inc., which purchased the hotel in June 2014 for $81.5 million, sold the property, records show. The firm still owns the 403-room Embassy Suites at 1420 Stout St., which it bought in 2015.