FARGO, North Dakota—Legendary Capital has sponsored the acquisition of the 142-room Fairfield Inn & Suites Denver Southwest Lakewood in a $19.4 million transaction. The deal used Legendary Capital’s proprietary Equity Preservation UPREIT (EPU) structure in which ownership contributed to the hotel in exchange for a special class of transition partnership units (T-Units), allowing for the potential preservation of the contributor’s equity as the property restabilizes. The property is in the final stages of a conversion […]

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