Orange County Business Journal
Eagle Four Denver: $80M
By Katie Murar
A joint venture that includes Newport Beach-based Eagle Four Partners is moving ahead on $80 million in work at the Sheraton Denver Downtown.
The group bought the hotel a year ago with High Street Real Estate Partners in Atlanta on undisclosed terms; it had been appraised at $415 million, according to Irvine-based hotel broker and consultancy Atlas Hospitality Group.
The Sheraton is currently the largest Denver hotel with more than 1,200 rooms; a 1,500-room Gaylord companies resort opens later this year.
Eagle Four’s portfolio includes local properties Paséa Hotel & Spa in Huntington Beach, and Balboa Bay Resort, Balboa Bay Club and the Newport Beach Country Club, all in Newport Beach.