A big change was announced on Monday for a historic hotel in Colorado. The Hotel Boulderado is being acquired by a group called AJ Capital Partners and it will become part of the Hilton hotel chain after a remodeling project is completed.

AJ Capital Partners shared a news release on Monday afternoon, stating that they are working with the Boulder hotel's stewards Frank and Gina Day on the acquisition.

"AJ and the Days are committed to preserving Hotel Boulderado's architectural splendor and role as a cherished amenity while enhancing the guest experience," the news release states.

The 116-year-old hotel will keep its name, but it will become part of the Graduate by Hilton collection.

The remodeling project is set to start later this year and it is expected to continue until next spring. The hotel will stay open through that time. Read the full story here