Content area
Full Text
The owners of The Grove Hotel, the largest hotel in downtown Boise, have bought Hotel 43 and the Courtyard by Marriott, another downtown hotel on Broadway.
Block 22 LLC expects to close on the 162-room Courtyard on Dec. 7 and the 112-room Hotel 43 on Jan. 6. Block 22, which built and opened The Grove Hotel on Dec. 31, 1997, will now have a combined 524 rooms in downtown Boise.
With three new downtown hotels opening within three blocks of the Boise Centre in the next few months, Block 22 now has the two closest hotels to the convention center. The 250-room Grove shares Grove Plaza with the Boise Centre and Hotel 43 is across the street to the west of the convention center.
"We like the locations of both," said John Cunningham, CEO/president of Block 22. "Hotel 43's proximity not just to the Boise Centre but to us was appealing. Courtyard's proximity to St. Luke's and Boise State was appealing."
The sales price was not disclosed. The assessed value for the Hotel 43 property is $8.62 million and for the Courtyard by Marriott is $11.9 million, according to Ada County Assessor records.
The Block 22 ownership comprises 50 percent JRS Properties III, a Simplot entity, and 50 percent WC/WLDC Idaho LLC, a company headed...