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Recently upgraded Triad hotel sells for $16.1 million to Colorado group

·1 min read
Recently upgraded Triad hotel sells for $16.1 million to Colorado group
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A recently upgraded Triad hotel, neither downtown nor close to Piedmont Triad International Airport, sold for $16.1 million to a Colorado group that purchased another Triad hotel in 2021. Alpental Capital of Denver, Colorado, bought the Doubletree by Hilton at 5790 University Parkway in Winston-Salem last month from Salem Hotel Group LLC, a South Carolina LLC managed by Mitesh and Ricky Patel of Anderson and Ravichander Pinjai of Greenville. The hotel, formerly known as the University Inn & Conference Center, underwent a major renovation before moving under the Doubletree flag in 2015.