/

|

Boulder’s iconic Hotel Boulderado has a new majority stakeholder after more than 40 years under the same ownership, with interior renovations and a rebrand planned.

Chicago-based AJ Capital Partners, the firm behind the collegiate-themed, Hilton-branded Graduate Hotels chain, acquired a majority stake in the 119-room hotel from longtime Colorado restaurateur Frank Day. 

The deal closed Friday. Terms weren't disclosed, but hotel staff told Boulder Reporting Lab that the Boulderado will eventually undergo renovations and then rebrand as a Graduate property.