Eagle Four Denver: $80M

Orange County Business Journal
09/19/19

Eagle Four Denver: $80M
By Katie Murar

https://www.ocbj.com/news/2019/sep/19/eagle-four-denver-work-80m/

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.

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