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IOWA CITY, IOWA — The Chicago office of Molinaro Koger (MK) has facilitated the sale of a 234-room Sheraton Hotel located adjacent to the University of Iowa in Iowa City. The hotel features more than 26,000 square feet of flexible meeting space, two restaurants with combined seating for 520, a full-service business center, a locally managed fitness center, an indoor swimming pool and a whirlpool. John Jameson of MK represented the seller, Ashford Hospitality Trust. The hotel was acquired by a joint venture involving Davidson Hotel Co. and Rockbridge Capital. It will remain a Sheraton and will be managed by Davidson. The purchase marks the sixth university-related hotel acquired by Davidson.