DENVER, CO–DiamondRock Hospitality Co. has acquired the 196-room JW Marriott Denver Cherry Creek for $72.6 million.
DiamondRock has asked locally-based Sage Hospitality to remain as manager. The seven-year-old hotel completed a $5 million renovation of its guestrooms, fitness center and meeting space earlier this year. Located in the upscale Cherry Creek area, the property is adjacent to the headquarters of Janus Capital and also near the University of Denver.
DiamondRock is a Bethesda, MD-based REIT with more than 20 hotels in its portfolio.