Walton Street To Sell Denver Marriott for $119M

An affiliate of Walton Street Capital agreed to sell the Denver Marriott City Center in downtown Denver, CO, for $ 119 million, or approximately $ 194,000 per room. Chesapeake Lodging Trust (NYSE:CHSP), a lodging REIT, is the buyer. The transaction is set to close next month.

Walton TCC Hotel Investors V LLC purchased the 613-room property as part of a six-hotel portfolio from Crescent Real Estate Equities Co. (NYSE: CEI) for $ 550 million in May…
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