AJ Capital Partners Acquires Hilton Eugene With Renovation and Conversion to Graduate Eugene Planned
AJ Capital Partners announced 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.
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 
