Cherry Creek hotel development site sells for $6M
This story first appeared on BusinessDen.com, a BizWest news partner.
A vacant site in Cherry Creek where a hotel has been proposed has changed hands.
370 Garfield Development LLC paid $6 million on Monday for the 0.33-acre 370 S. Garfield St. property, according to public records.
The purchasing entity lists an address that corresponds to the local office of Maryland-based Baywood Hotels.
The seller was an entity affiliated with Arizona-based Sunridge Hotel Group, which bought the site in March 2020 for $3.87 million. The company submitted development plans for a 12-story, 150-room AC Hotel by Marriott.
Baywood, Sunridge and Marriott didn’t respond to separate requests for comment…
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