AJ Capital Partners Acquires Hilton Eugene With Renovation and Conversion to Graduate Eugene Planned
June 12, 2018 10:16am
Eugene, Or. – AJ Capital Partners announced today that it has acquired the Hilton Eugene in Eugene, Oregon. The hotel will continue to operate as Hilton Eugene until year end, after which, it will begin a comprehensive renovation to convert to Graduate Eugene, part of the Graduate Hotels® collection. The hotel will remain open during renovations and will be completed in summer 2019. The 12-story, 275-room hotel is in downtown Eugene and walking distance to University of Oregon’s campus. AJ Capital selected Starwood Property Trust, Inc. to provide financing for the project.
Ideally located on 6th Avenue in the heart of downtown Eugene, the hotel is just steps from Eugene City Hall, the Hult Center for the Performing Arts and some of the best shopping and dining the city has to offer. The hotel is easily accessible to University of Oregon’s campus, Autzen Stadium, Matthew Knight Arena and Hayward Field.
Created for travelers who seek memory-making journeys, Graduate Hotels® are a well-curated, thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Every property celebrates and commemorates the optimistic energy of its community, while offering an extended retreat to places that often played host to the best days of our lives. There are currently 11 open and operating hotels across the U.S. and an additional seven hotels under development slated to open by 2020.
"It is with great pleasure that we announce the acquisition of the Hilton Eugene,” says Tim Franzen, President of Graduate Hotels. “This is a perfect example of our strategy of investing in hotels located in the hearts of truly unique and multi-dimensional university-anchored markets from coast to coast. We look forward to introducing Graduate Eugene, and our signature style of hospitality, to the Eugene and University of Oregon communities next summer.”
The hotel will undergo a comprehensive renovation to convert it to Graduate Eugene, which will touch all guestrooms, common areas, the restaurant and the hotel’s 30,000 square feet of flexible meeting and events space.
For more information on Graduate Hotels, please visit www.graduatehotels.com.
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Adventurous Journeys Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets. The counter-culture investors acquire, design and develop transformative real estate throughout the United States. In fall 2014, AJ Capital Partners launched the Graduate Hotels® collection. AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company’s core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. With total capital deployed since inception of over $41 billion, Starwood Property Trust continues to solidify its position as one of the premier real estate finance companies in the country.
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