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The historic Brown Palace Hotel in Denver is for sale amid financial and operational challenges.
The historic Brown Palace Hotel in Denver, opened in 1892 and listed on the National Register of Historic Places since 1970, is for sale, according to Newmark, a commercial real estate firm.
Owned by Crescent Real Estate since 2018, the property was purchased for $125 million and later refinanced with a $62.5 million loan.
The sale, which includes the adjacent Holiday Inn Express, comes amid challenges including a 2022 basement fire, a 2024 restaurant closure, and management changes to Highgate Hotels in 2025.
The hotel features 241 rooms, six dining venues, a spa, and nearly 20,000 square feet of event space.
Crescent cited pandemic-related disruptions and the building’s age as reasons for the sale, seeking a well-capitalized buyer.
The asking price remains undisclosed.
El histórico Brown Palace Hotel en Denver está a la venta en medio de desafíos financieros y operacionales.