Business
Safehold Closes On Salt Lake City Hospitality Asset, 150th Ground Lease in Portfolio
Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, 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.
About this update from Safehold Inc. New
[{"type":"text","content":"NEW YORK, June 23, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, 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.","length":433,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":240,"url":"https://media.zenfs.com/en/prnewswire.com/d2fa1822bc178470e841730272d82b22"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Rl5e9H3ONX.cT.FYPEIdyQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d2fa1822bc178470e841730272d82b22","width":400,"height":240}},"href":"https://mma.prnewswire.com/media/2714419/Safehold_Asher_Adams.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""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."","length":283,"tagName":"p"},{"type":"text","content":"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.","length":331,"tagName":"p"},{"type":"text","content":"About Safehold:","length":15,"tagName":"p"},{"type":"text","content":"Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, affordable housing, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust...