Highline Hospitality Acquires Salt Lake City Marriott University Park Group Adds Fifth Hotel to Growing Portfolio
NEW YORK – Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has added its fifth property with the over-the-counter acquisition of Salt Lake City Marriott University Park with 218 rooms and is managing Stepstone Hospitality to the property .
The Highline Hospitality Partners team has over 60 years combined experience in the sourcing, purchasing, asset management, renovation, repositioning and selling of hotel properties and has operated hotels of all classes.
“We are excited to add Salt Lake City Marriott University Park to our growing portfolio,” said Chuck Pomerantz, Managing Partner of Highline Hospitality Partners. “With the property’s unparalleled location next to the University of Utah and easy access to the Salt Lake Place Convention Center and six major ski resorts, we look forward to many successful years with this exceptional property.”
Salt Lake City Marriott University Park offers sweeping mountain and city views with 218 rooms and easy access to downtown, the University of Utah and Rice Eccles Stadium. The property offers elegant, stylish accommodation for both business and leisure travelers. HHP plans a comprehensive and innovative renovation of the guest rooms and public spaces over the next 24 months.
The hotel has two on-site restaurants, Thistle & Thyme with eclectic American comfort food and the Wak ara Bar, which offers local draft beer and craft cocktails. Additional amenities include the M Club Lounge, free parking, Starbucks, a state-of-the-art fitness center, and 11 event rooms with customizable business and A / V services. The hotel is also just a short walk from TRAX, the city center overground tram line.
Salt Lake City Marriott University Park is located at 480 Wakara Way, Salt Lake City, Utah 84108. For more information and reservations, please click here.
Via Highline Hospitality Partner
Highline Hospitality Partners sponsors and makes investments in full and select service hotels and resorts in the United States. HHP is led by an experienced, cycle-proven key investment team with in-depth hotel management and operations experience.
HHP pursues investments where they can significantly impact value by executing an operational agenda, or where their operational insights and execution skills provide them with unique advantages at the market and asset level. Most defining characteristic of HHP – we combine the judgment and value creation of a seasoned strategic buyer with the execution skills of a seasoned financial buyer. Please visit www.highlinehp.com for more information.