AJ Capital Partners Acquisition of Hotel Boulderado

Deal value: $102,000,000

AJ Capital Partners acquired the iconic 160-room Hotel Boulderado in Boulder, CO, with plans to renovate and reposition the asset into a Graduate by Hilton Hotel affiliate.

AJ Capital Partners' acquisition of Hotel Boulderado is driven by the opportunity to reposition a historic, iconic asset in a prime university market. The core motivation is to leverage the Graduate by Hilton brand’s appeal to college towns, capitalize on Boulder’s strong tourism and university-driven demand, and unlock value through a thoughtful renovation that preserves heritage while modernizing the guest experience. The timing aligns with Hilton’s recent acquisition of the Graduate brand and its aggressive expansion strategy in the lifestyle hotel segment.