Embassy Suites Hotel and Athletic Club
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Year Built: 1983 |
The Embassy Suites Hotel (currently the Ritz Carlton-Denver) occupied floors one through 19 of a 31-story tower in Denver’s CBD. Crestone’s principals performed asset management and property management functions for the hotel and athletic club until they were sold by an affiliate of Amerimar Realty in 2005.
For the entire tenure of Amerimar’s ownership, the Embassy Suites was one of Denver’s top performing hotels in ADR and REVPAR. The adjacent Athletic Club at Denver Place (currently Forza) was a nationally recognized, award winning and profitable full service athletic club.
The hotel and athletic club were sold in 2005 for a substantial profit.
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