Summary:
- Olympia Hospitality acquired the 139-room Hilton Garden Inn Arvada in Colorado.
- The hotel is located near Red Rocks Amphitheater.
- The deal extends Olympia’s two-decade relationship with the Hilton Garden Inn brand.
OLYMPIA HOSPITALITY ACQUIRED the Hilton Garden Inn Arvada in Arvada, Colorado. Terms of the transaction were not disclosed.
The 139-room property is located half a mile from Olde Town Arvada and within 15 miles of Red Rocks Amphitheater and the Arvada Center for the Arts. It joins Olympia’s portfolio that also includes The Benson Hotel in nearby Aurora, Colorado.
Amenities at the hotel include the Garden Grille and Bar, grab-and-go options at The Shop, a fitness center, an indoor pool and more than 2,260 square feet of meeting space.
“While our roots may be in the eastern U.S., our strategy has always been national in scope,” said Sara Masterson, president of Olympia Hospitality. “This acquisition is a direct reflection of our confidence in the Hilton Garden Inn brand. With our proven ability to optimize franchise hotels, it’s a combination we feel will not only drive sustained growth but reinforces our position as a trusted partner and leader.”
Olympia’s 20-year relationship with the Hilton Garden Inn brand began in 2003 with the Hilton Garden Inn Portland Downtown Waterfront in Maine, which earned Hilton’s “Deal of the Year” recognition.
In a different case, Stonebridge Cos. added the Statler Dallas, Curio Collection by Hilton, to its managed portfolio.
