Crescent Real Estate puts Brown Palace Hotel and Spa and Holiday Inn Express in Denver up for sale

Sale Hospitality announced Denver, United States Mar 3, 2026

operating

Stage

Brown Palace Hotel and Spa and Holiday Inn Express

Project

Fort Worth, Texas-based Crescent Real Estate has put the historic Brown Palace Hotel and Spa and an adjacent Holiday Inn Express in Denver up for sale.

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Counterparts (2)

Seller

Crescent Real Estate

company

Crescent Real Estate LLC is a real estate operating company and investment advisor focused on investing in, developing, and operating premier real estate assets across the U.S. While primarily focused on traditional real estate sectors like office, residential, and hospitality, their broad investment mandate and operational expertise could potentially extend to certain social infrastructure assets.

advisor

Newmark

company

Newmark is a global commercial real estate services firm that provides a comprehensive suite of services, including advisory, transaction, and management, to clients across various property types. In the infrastructure sector, Newmark specializes in advising on the acquisition, disposition, and site selection for critical assets such as data centers, industrial and logistics facilities, and other specialized real estate that underpins modern infrastructure.

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Deal Analysis

Crescent Real Estate, the Fort Worth-based operator and investment advisor, is testing the market for a distinctive Denver hospitality duo. They've put the historic Brown Palace Hotel and Spa on the block, bundled with an adjacent Holiday Inn Express. This move suggests Crescent, known for its focus on premier U.S. real estate, might be re-evaluating its asset mix. Newmark, a global commercial real estate services firm, is advising on the announced sale, which currently has an undisclosed value.

Historic Brown Palace Hotel and Spa bundled with an adjacent Holiday Inn Express.
Seller Crescent Real Estate focuses on premier U.S. real estate.
Newmark advising on the announced sale.
Value for the Denver hospitality package remains undisclosed.

Source Intelligence

KEY DETAILS

Crescent purchased the two hotels from Dallas-based Crow Holdings for $125 million and the investment fund holding them is winding down. Crescent purchased the two hotels from Dallas-based Crow Holdings for $125 million and the investment fund holding them is winding down. according to a story in The Denver Post.

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Location

Pair of Denver hotels up for sale. Fort Worth, Texas-based Crescent Real Estate has put the historic Brown Palace Hotel and Spa hotel and an adjacent Holiday Inn Express in Denver up for sale

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Announcement

By Rob Schneider | March 3, 2026 Share Breaking news about deals, development, data and more. Pair of Denver hotels up for sale.

PARTIES MENTIONED IN SOURCE

Crescent Real Estate seller

"Fort Worth, Texas-based Crescent Real Estate has put the historic Brown Palace Hotel and Spa hotel and an adjacent Holiday Inn Express in Denver up for sale"

Newmark advisor

"Crescent has retained Newmark for the sale."

Crow Holdings previous_seller

"Crescent purchased the two hotels from Dallas-based Crow Holdings for $125 million"

Crescent Real Estate previous_buyer

"Crescent purchased the two hotels from Dallas-based Crow Holdings for $125 million"

medium quality Enriched Mar 9, 2026

Timeline

Announced

Mar 3, 2026

Signed

Closed

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Source

www.hotelinvestmenttoday.com

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Crescent Real Estate puts Brown Palace Hotel and Spa and Holiday Inn Express in Denver up for sale

Counterparts (2)

Deal Analysis

Source Intelligence

Timeline

Source

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