Assignment Overview
RobertDouglas advised Ashford Hospitality Trust on the sale of the Residence Inn Salt Lake City Cottonwood to PEG Companies.
Project Overview
The Residence Inn Salt Lake City Cottonwood is a 144-key, all-suite, upscale, extended-stay hotel in the Marriott brand family. Located in Utah’s premier ski resort market, adjacent to Salt Lake City’s Cottonwood Canyons in the Wasatch Mountain range, the Hotel is within 10 miles of Utah’s most famous ski resorts including the Alta Ski Area, Snowbird Ski, and Solitude Ski Mountain.
The Property features a 375-square-foot meeting space, 24-hour business center, fitness center, complimentary breakfast, and an outdoor pool.
Deal Highlights
| Client (Seller): Buyer: Sale Proceeds: Suite Count: | Ashford Hospitality Trust PEG Companies $19.2 million 144 |
