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Three-Way Partnership Grabs Two Hotels

NEW YORK CITY-The JV's plans for the properties, located in the Denver and Dallas markets, include more than $9 million in renovations.

By Tom Sosnowski | Updated on August 22, 2006

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NEW YORK CITY-GoldenTree InSite Partners, Aimbridge Hospitality and JF Capital Advisors have formed a partnership to acquire, renovate and manage two Doubletree hotels located in the Denver and Dallas areas. Financial details of the transaction were not disclosed to GlobeSt.com.

The properties are a 300-room Doubletree Hotel Dallas-Campbell Centre in Dallas and a 248-room Doubletree Hotel Denver-Southeast in Aurora, CO. Under the agreement, Aimbridge Hospitality will operate and manage the hotels on behalf of the partnership, under a franchise agreement with Doubletree Hotel Systems, Inc., a wholly owned subsidiary of Hilton Hotels Corp.

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