Eagle Point Hotel Partners has recently acquired Ascent on Main, a charming 51-key boutique hotel in Parker, Colorado for $8.25 million. The property was previously under the management of a receiver and is situated in the bustling Denver suburb.
Opened in late 2019, Ascent on Main boasts four stories and sits on an expansive 1.64-acre lot. It features luxurious accommodations with 51 rooms, state-of-the-art meeting facilities, an open-air promenade and three delectable dining options. In addition to its food and beverage offerings within the hotel premises are various retail spaces.
The prime location also offers exciting future developments such as residential units and retail outlets including a movie theatre just across from the courtyard as part of a master-planned development project. Another notable feature nearby is Shea Meriden Office Park which spans over an impressive area of 1,600 acres featuring approximately3 .5 million square feet of office space along with over2 ,500 homes just three miles west from this property’s location.
This acquisition marks another successful venture by Eagle Point Hotel Partners who continues to expand their portfolio with strategic investments like this one in Colorado’s thriving hospitality market.
