Penta Announces Acquisition of Quality Inn in Denver
JUNE 27, 2008. Colorado. Purchased as a Quality Inn under a license agreement with Choice HotelInternational, this 216 unit full service hotel was formerly a Best Western. Convenientlylocated at the intersection of Interstate 25 and Interstate 70, the Quality Inn Central is justminutes from downtown Denver and many popular attractions. The hotel is close to CoorsField ballpark, the Denver Coliseum, INVESCO Field at Mile High stadium, PepsiCenter arena, Water World Water Park, the Elitch Gardens amusement park and theDenver Zoo. Additionally, the hotel has over 7,000 square feet of meeting space with a fullservice bar and restaurant.
According to Tarun Patel, principal with Penta, "this acquisition is representative of ourcontinuing efforts to expand our portfolio where there are repositioning or operationalefficiency opportunities". This is the seventh hotel acquisition by Penta Hospitality since itsformation in January 2007. According to Patel, "this acquisition is not part of our PentaFund A but is a strategic individual opportunity for our growth."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
