Downtown Denver hotel sells for $86 million

The Curtis - a DoubleTree by Hilton
The Curtis hotel in downtown Denver has sold for $86 million to a partnership between Sage Hospitality and New York-based AllianceBernstein Holding LP.

The property — officially known as the Curtis – a DoubleTree by Hilton — was formerly owned by a partnership between Sage and Fundamental Advisors LP.

The hotel — known for its quirky decor and retro pop-culture vibe — is located at 1405 Curtis St. across the street from the Denver Performing Arts Complex.
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According to Denver County property records, the Curtis last sold in 2011 for $68 million.

AllianceBernstein (NYSE: AB) is a publicly traded investment management firm with $499 billion in preliminary assets under management as of April.

Reported by:  Denver Business Journal