-
Asher Adams, Autograph Collection hotel in Salt Lake City, Utah – Image Credit Safehold
Safehold Inc. (NYSE: SAFE) has closed on the acquisition of an existing ground lease beneath the Asher Adams hotel in Downtown Salt Lake City. Developed through a partnership between The Athens Group and Hatteras Sky, the 225-key, full-service hotel was completed in 2024 and operates as part of Marriott’s Autograph Collection.
“This is a high-quality asset and location in a strong and still improving hospitality market,” said Steve Wylder, Safehold’s Head of Investments. “We’re excited to add this position to our nearly $7 billion portfolio of ground leases throughout the U.S.”
Safehold’s diversified portfolio now stands at 150 ground leases across the country. Asher Adams neighbors The Gateway, a 40-acre mixed-use development consisting of retail, office and residential uses. The luxury-lifestyle hotel is also adjacent to the Delta Center, home of the NBA’s Utah Jazz and NHL’s Utah Mammoth.
