California-based owner and operator Sun Hill Properties is continuing its expansion with the acquisition of two TownePlace properties in Colorado.
The TownePlace Suites Denver Southwest, located in Littleton, Colo., has 99 suites and is located near the Denver Botanic Gardens and the headquarters of Johns Manville. The TownePlace Suites in Colorado Springs, meanwhile, has 94 suites near Pikes Peak and the Garden of the Gods Visitor and Nature Center.
The business-focused hotel are part of the Marriott umbrella and were purchased for an undisclosed price.
Sun Hill plans to retain the current staff and property names of its latest acquisitions, and intends to invest in upgrades and renovations as well.
The company’s other holdings include the Hilton Los Angeles/Universal City, the largest hotel in the San Fernando Valley with 495 rooms and 32,000 square feet of meeting space (and 395 more rooms planned in a proposed addition) and the Courtyard by Marriott Ventura/Simi Valley (Calif.,) with 97 rooms.
In addition to its hotel portfolio, Sun Hill is developing Sierra Point Brisbane Marina, a mixed-use project with a luxury hotel, hotel residences and retail space along the Brisbane waterfront on the San Francisco Bay peninsula. That project is expected to open in 2025.