Columbia Sussex Corp. Acquires The Westin Westminster Hotel In Westminster For $84.53 Million

The transaction involved the sale of The Westin Westminster, located at 10600 Westminster Boulevard in Westminster, CO. This hotel, a 14-story structure featuring 370 keys, was sold for $84.53 million. It includes a total of 76,000 square feet dedicated to meeting space, with a per key price of $228,459.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $84,530,000
• Buyer: Columbia Sussex Corp.
• Seller: Wheelock Street Capital
• Keys: 370
• Market: Westminster, CO
• PPK: $228,459

Columbia Sussex Corp. was the buyer in this transaction, acquiring the property from Wheelock Street Capital. Notably, Wheelock Street Capital had purchased the hotel for $70 million in 2017, marking a significant increase in value over the period of ownership.