The six-story Atelier at University Park has 252 units, making the deal worth about $357,000 a unit.
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The hotel operator is based in San Francisco, but has had a customer service hub in the Denver area.
“Our lease was actually the first lease they signed in the market, although we didn’t deliver our product first,” the seller said.
The seller renovated the structure, which was named a city landmark in 2018.
It will be developer Mike Mathieson’s second build-to-suit project for the hospitality startup.
The company is one of several operating at the three-way intersection of hotels, Airbnbs and apartments.
A San Francisco-based that offers upscale lodging in 11 cities is checking into the Denver area, despite not having any rooms here.
A 21-unit multifamily complex for $7.6 million in Denver was the week’s top sale and 49,401 square feet in Broomfield was the top lease.
A total of $730 million was raised by 39 startups in Colorado, compared to $42 million by 25 startups in October 2020.
The property and plans for the 15-story, 626-unit complex at 2601 N. Alcott St. were sold four months ago for $32 million.