Cushman & Wakefield Advises on Sale of Denver Holiday Inn

LOS ANGELES—Cushman & Wakefield represented Holualoa Companies as the exclusive advisor in arranging the sale of the Holiday Inn Denver East Stapleton, in the Denver submarket of Stapleton.

The hotel, which features 299 rooms and 20,000 sq. ft. of meeting space, including the 3,240-sq.-ft. Main Ballroom, was acquired by Urban Commons, LLC. The property will be managed by Brighton Management.

Cushman & Wakefield also served as exclusive advisor to Urban Commons, LLC, in arranging a $19.7-million financing for the Holiday Inn Denver East Stapleton and a $39.9-million financing for the Renaissance Denver, both located in Stapleton, CO. The floating-rate loan was structured with significant future draw capacity and prepayment flexibility. 

A Cushman & Wakefield global hospitality team of Daniel MacDonnell, Steve Michels, and Eric Melendez-Lluch served as advisor to Holualoa Companies in the sale. Daniel MacDonnell and Eric Melendez-Lluch also served as advisors to Urban Commons, LLC in the financing of the acquisition.