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T2 Buys Second Denver Parking Lot

T2 Hospitality in Newport Beach bought a quarter-acre of downtown Denver land for $3.55 million, a block from a one-third-acre parcel for which it paid $10 million in 2015, a local news report said.

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OC 500: Tushar Patel

Former chair, Tarsadia Hotels … hotel firm’s 2011 restructuring produced operator Evolution Hospitality, other development, construction offspring … current firm invests hospitality, healthcare, others … HQ: top floor at 520 Newport … execs at investment firm—President, GC—followed Patel to new venture … local hotel execs— e.g., Twenty Four Seven Hotels—cut teeth with Patel, Tarsadia

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