CROW HOLDINGS BUYS BROWN PALACE HOTEL PORTFOLIO IN DENVER

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DENVER — Crow Holdings Capital Partners has acquired the Brown Palace Hotel Portfolio in Denver for an undisclosed sum. The portfolio contains the Brown Palace Hotel & Spa and the adjacent Comfort Inn Downtown Denver, for a total of 472 guest rooms, 22,100 square feet of meeting space, and five food and beverage venues.

The Brown Palace is located at 321 17th Street. It is the only hotel in Downtown Denver to receive both the Forbes Four-Star and AAA Four-Diamond awards for more than 30 consecutive years. The hotel was built in 1892. An affiliate of Quorum Hotel Advisors will continue to manage the property. The Comfort Inn Downtown Denver is located at 401 17th Street. The acquisition was completed on behalf of Crow Holdings Fund VI.

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