AJ Capital Buys 275-Key Hilton Hotel
- Jun 15, 2018
Chicago-based hospitality company AJ Capital Partners has acquired the Hilton Eugene, a 275-key hotel in downtown Eugene, Ore. The property will be operated as a Hilton-branded hotel until the end of the year, when it will undergo major renovations in order to convert the hotel into Graduate Eugene, part of the Graduate Hotels’ collection. AJ Capital selected Starwood Property Trust Inc. to provide financing for the project.
Located at 66 E. 6th Ave., Hilton Eugene offers convenient access to University of Oregon’s campus, Eugene City Hall, the Hult Center for Performing Arts and various shopping, dining and entertainment venues. Additionally, the hotel is walking distance to sports venues such as Autzen Stadium, Matthew Knight Arena and Hayward Field.
The 12-story property features common area amenities such as:
- business center
- bar area
- laundry/valet service
- fitness center
- swimming pool
Upgrades will be made to the guestrooms, common areas, restaurant and the hotel’s 20,000-square-foot meeting and event space. The comprehensive renovations are expected to be completed by summer 2019. The hotel will remain open during this time. Graduate Hotels has 11 open and operating hotels across the U.S. and seven additional under development properties set to be open by 2020.
Image via Google Street View