CBRE Arranges Ground Lease Sale to Safehold of 1.7-Acre Parcel in Downtown SLC that houses 225-key, Asher Adams an Autograph Hotel Collection

6/23/2025

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REBusinessOnline

• Subcategory: Land: Commercial

• Tag: Sale

• Additional Filters-Subcategory: Land: Hospitality

• Additional Filters-Tags: Hospitality: Franchise, Sale: Ground Lease (Leasehold-Leased Fee), Sale: Investment, Sale: Single Property

• Company: CBRE Group (NYSE: CBRE), Marriott (Nasdaq: MAR)

CBRE has arranged the leased fee interest sale of a 1.7-acre parcel in downtown Salt Lake City. Safehold Inc. acquired the asset, which includes a ground lease for over 98 years, for an undisclosed price. Asher Adams, a 225-key Autograph Collection hotel, occupies the site. The hotel was completed in 2024 and includes an adaptive reuse of the historic Union Pacific Depot Train Station.