AJ Capital Partners Acquires Hotel Boulderado In Boulder Colorado For $102 Million

The asset involved in the transaction is a 160-room hotel called Hotel Boulderado, located at 2115 13th Street in Boulder, Colorado. It has a sale price of $102,000,000, with a price per key of $637,500. The property was originally built in 1909 and will undergo renovations and be rebranded under the Graduate by Hilton collection.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $102,000,000
• Buyer: AJ Capital Partners
• Seller: Frank Day
• Financing Secured: $62.7 million
• Keys: 160
• Market: Boulder, CO

AJ Capital Partners is the buyer of the property, while Frank Day is the seller. This transaction marks a significant acquisition in the Boulder market, as it involves a well-known hotel that will be updated for a new brand. The financing for the purchase reflects a substantial investment aimed at enhancing the hotel's offerings post-renovation.