Colorado DoubleTree trades owners

DoubleTree Aurora Colo

The DoubleTree Denver Aurora Hotel in Aurora, Colo., was sold.

According to public records, the 248-room hotel was sold for $14.8 million. Aurora Col Hotel Partners, a limited liability company, purchased the hotel. Hospitality Real Estate Counselors represented the seller in the transaction.

The LLC is registered to the same address sa O'Reilly Hospitality Management, a company working out of Springfield, Mo., according to records with the Colorado Secretary of State's office.

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The hotel will be managed by O'Reilly Hospitality Management. The hotel was sold by Aurora Hotel Propco, an entity registered at the same address as New York-based investment firm Garrison Capital.

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The transaction, expected to be consummated in the first half of 2020, is still subject to regulatory approval and other closing conditions.

The China-based conglomerate also acquired the iconic brand's IP assets as part of the £11 million deal, with the brand expected to live on online.

The sale is the latest step in Park's asset-light strategy.