US: A pair of extended stay hotel properties in Loveland and Longmont, Colrado, have changed ownership.
The 109-room Home2 Suites by Hilton Longmont at 710 S. Sherman St. sold for $15.75 million, according to Boulder County property records.
The seller was Longmont Development LLC, an entity registered to Keyur Naik, vice president of development at Baywood Hotels. The buyer is 710 S Sherman Street Owner LP, a holding company registered to the Irving, Texas, address of hospitality real estate investment company Highgate LLC.
The 121-room WoodSpring Suites Loveland sold for $13 million, Larimer County real estate records show.
Tallgrass Loveland I LLC, an affiliate of Tallgrass Holdings in Wichita, Kansas, was the seller and BSREP II WS Loveland LLC was the buyer.
