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August 24, 2022

Stockdale Capital Partners acquires The Source Hotel in Denver, Colorado

Hotel on Brighton Blvd. in heart of the burgeoning RiNO Arts District

LOS ANGELES – August 24, 2022 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, announced that it acquired The Source hotel, along with an accompanying 300-stall parking garage and 17,000 square-foot surface parking lot.

Located in the vibrant River North Arts District (RiNO), The Source hotel is adjacent to downtown Denver and has 100 guest rooms, a rooftop full-service restaurant, 5,575 square feet of event space, a fitness center, a rooftop pool, and a business center. The Source also features 44,000 square feet of on-site restaurant and retail in its Market Hall I & II locations.

“Stockdale Capital Partners is excited to acquire The Source in the heart of the RiNO district,” said Bill Doak, Managing Director of Hospitality for Stockdale Capital Partners. “The Source’s proximity to restaurants, retailers, breweries, public transit, and entertainment venues make it attractive to both locals and hotel guests, and we look forward to building upon its success by making significant investments on the property.”

Stockdale Capital Partners’ plans for The Source include refreshing guest rooms, reimagining its rooftop restaurant, activating the hotel lobby experience, and creating additional revenue drivers in the hotel’s retail space.

RiNo, one of Denver’s top cultural and entertainment destinations with art galleries, music venues, is home to some of the city’s most innovative culinary, retail, and nightlife offerings. The area is considered one of the most desirable locations for businesses and young professionals and has attracted significant investment during the past decade.

Denver, ranked by U.S. News & World Report as the “#2 Best Place to Live in the Nation,”
is also the fifth-fastest growing large city in the U.S. with the third-hottest job market in the