DENVER - The Brown Palace has a new owner as of Wednesday's completed acquisition by investment firm Crow Holdings Capital Partners.
Crow Holdings is adding the 122-year-old hotel to a list of 33 other hotels it owns, reaching more than $2 billion in assets. The acquisition included the Palace's neighbor, the Comfort Inn Downtown Denver, for a total of 472 guest rooms, five eating establishments and more than 20,000 square feet of meeting space.
The current property managers, affiliates of Quorum Hotel Advisors, will continue to run the Brown Palace, which is the only hotel in downtown Denver to receive both the Forbes Four-Star and AAA Four-Diamond awards for more than 30 years in a row.
The Brown Palace is currently undergoing a renovation that will restore much of the outside of the building.
The triangular-shaped hotel, built in 1892, was an early example of an atrium-style hotel. It has hosted several U.S. presidents and other dignitaries, including members of the Beatles.