A portfolio of six extended stay Marriott hotels with a total of 514 rooms. Three Fairfield Inns are located in Colorado, one Marriott Courtyard is in Ohio, and one Fairfield Inn and one Springhill Suites are in Iowa. Most of the hotels contain an indoor pool, whirlpool, meeting space, and/or a fitness room.
Douglas Wilson Companies (DWC) was engaged to step in as Landlord (TIC) and oversee the property.
DWC was responsible for managing, operating, and preserving the properties. In addition, DWC oversaw the completion of the Property Improvement Plan(PIP) for all three Denver locations. The PIP included an upgrade of 10% of the rooms to Suites, enhancement of the remaining guest rooms, and full renovation of the lobby, breakfast, and public areas.
Resolved under receivership.
District Court, Adams County, Colorado; Court of Common Pleas, Lake County, Ohio; Iowa District Court in and for Dallas County
CO, IA, OH
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101