GREENWOOD VILLAGE, CO–A joint venture between Waramaug Hospitality, LLC, Interstate Hotels & Resorts, and an unnamed investment management company has acquired the Sheraton Denver Tech Center in this Denver suburb for an undisclosed amount.
The seller was an affiliate of The Hotel Group. HREC Investment Advisors helped arrange the sale.
The 262-room property will retain the Sheraton flag. Interstate will manage the hotel.
The new owners intend to undertake a $5.75 million, 18-month renovation of the property.