Blackstone Buys Hilton Garden Inn
Major institutional investor Blackstone has made inroads into Denvers hotel market, picking up the 157-room Hilton Garden Inn at the Meridian Business Park in Englewood for an undisclosed sum. The property was sold by Apollo Global Management and Sage Hospitality, and was part of a portfolio of four--including Hilton Garden Inns in Orlando and Atlanta. Sage had just completed a $2.3M renovation in 2011. JLLs Mark Fair, Adam McGaughy,and Katy Reynolds brokered the sale.