Crescent Real Estate buys Denver's Brown Palace Hotel and Spa

The Brown Palace Hotel and Spa opened Aug. 12, 1892. Photo credit: The Brown Palace Hotel and Spa

Denver's Brown Palace Hotel and Spa was officially sold to Crescent Real Estate of Fort Worth, Texas. The property was also appointed a new management team, HEI Hotels & Resorts.

Crescent plans comprehensive investments that will enhance the property’s 241 guestrooms and Top of The Brown suites. Enhancements will retain the Brown Palace’s appearance while honoring the Denver spirit and history.

“Crescent was able to secure the iconic hotel in a strong market that we know well,” Conrad Suszynski, co-CEO of Crescent, said in a statement. “Crescent has owned and operated commercial real estate fin Denver and Colorado for years.”

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Suszynski also expressed confidence in securing The Brown Palace Hotel Complex with HEI Hotels & Resorts engaged to operate the hotels. “HEI is a leading independent hotel manager that we have partnered with to operate several hotels we have purchased in the past two years. HEI is a natural fit to operate The Brown Palace Hotel Complex,” Suszynski said in a statement.

Located in downtown Denver, The Brown Palace is the longest continuously operating hotel in the city. The front doors of The Brown Palace Hotel and Spa opened on Aug.12, 1892, and they have never been locked since. The hotel has played host to presidents, celebrities and royalty for more than 125 years, including nearly every U.S. president since Teddy Roosevelt.

Offering 241 guestrooms and suites, The Brown Palace is also home to six restaurants and a coffee shop, including the Palace Arms; Ship Tavern, the oldest restaurant in the hotel; and Ellyngton’s, known for its power meals, attracting politicians and business professionals from the nearby Capitol and office towers. In addition, the long-standing tradition of “taking tea” at The Brown Palace has been cherished by guests, enjoyed daily in the atrium lobby.

Encompassing two floors, the 5,200-square-foot spa at The Brown Palace is a luxurious retreat offering a six massage and treatment rooms; Swiss showers; steam rooms with aromatherapy; and a nail and hair salon. With more than 20,000 square feet of flexible meeting and event space, The Brown Palace plays host to notable balls and performances in the Denver community.