Silverwest Hotels LLC’s growing list of hotels now includes a premier property in its own backyard.
Silverwest’s multimillion-dollar acquisition of the Inverness Hotel and Conference Center, on behalf of Silverwest Hotel Fund(s) I/IA, represents the Denver-based company’s first asset in the Denver metro area.
“To have an anchor asset like the Inverness to add to our portfolio here, where we’re based, was really an important accomplishment for us,” said Edward Mace, who, along with Charles Peck, co-founded the hotel investment and management company in 2013.
Silverwest Hotels will spend millions improving the Inverness, which it pursued in large part because of the quality of the asset and what’s going on all around it.
See the entire article in CREJ’s Dec. 16-Jan. 5 issue.