Orlando company purchases downtown Ritz-Carlton for $100 million

DENVER — A Florida company has purchased the downtown Ritz-Carlton hotel for $100.25 million.

Xenia Hotels & Resorts Inc., based in Orlando, made the purchase, which works out to about $946,000 per room, reports BusinessDen. 

The Ritz-Carlton is at 1881 Curtis Place and has 14 stories with 202 rooms, 47 of which are suites. There is 13,000 square feet of meeting space, a spa and Elway’s Restaurant.

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The hotel was sold by TW Mezz Denver Hotel LLC, a subsidiary of Transwestern Realty Partners.

Xenia also owns Hotel Monaco Denver at 1717 Champa St. and Residence Inn Denver Center City at 1725 Champa St. The company sold the Hampton Inn & Suites at 1845 Sherman St. for $27.43 million in 2016.