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Best Western Plus Plaza Hotel

Virginia buyer pays $11.5 million for Longmont Best Western hotel

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

March 25, 2018

Lakewood 150-room hotel sells to Rockies Lodging Capital for $8.7 million

Jefferson County Property Location: 3605 S. Wadsworth Blvd, Lakewood Property Description: four-story 150-room hotel, 76,504 sf, YOC 1986 Land Size: 3.14 acres Sales Price: $8.7M, or $58,000 per room, or $113.72 per sf Reception No.: 2018010208 Closing Date: 1/31 Grantor: CNI THL PROPCO Fe II LLC, Mark Hedstrom, VP, NYC, NY 10022 Grantee: RLC-VI Lakewood…

John Winslow

February 27, 2018
SpringHill Suites

Bedford brings 127-key SpringHill Suites hotel to Colorado Mills

A SpringHill Suites hotel is on its way to the Colorado Mills shopping area. Dallas-based Bedford Lodging will deliver the 127-room hotel in January 2019, catering to business travelers during the week and leisure travelers in the summer and on weekends. The SpringHill Suites Lakewood Golden – Colorado Mills will occupy a 2-acre site at…

Kris Oppermann Stern

December 22, 2017

Knights Inn motel lands new owner for $7.15 million, or $50,000 per unit

Arapahoe County Property Location: 14200 E. Sixth Ave., Aurora, “Knights Inn” Property Description: 143-unit motel w/ 40,160 sf in five buildings, YOC 1982, stucco construction Land Size: 2.418 acres Sales Price: $7.15M, or $50,000 per unit, or $178.04 psf Reception No.: D7124490 Closing Date: 11/1 Grantor: Im & Lim Inc., Hyon IK Im Grantee: Kings…

John Winslow

November 21, 2017

FirstBank acquires motel for $1.75 million near Lakewood bank

Jefferson County Property Location: 12111 W. Colfax Ave., Lakewood Property Description: 7,994-sf motel (four buildings), YOC 1942-1971 Land Size: 44,431 sf Sales Price: $1.75M, or $39.39 psf (land value) Reception No.: 2017111546 Closing Date: 10/27 Grantor: Ki Hou Kim & Young Sook Kim Grantee: FirstBank Financing: Cash Comments: Grantee leased the property back to the…

John Winslow

November 16, 2017
Inn at Cherry Creek

Comprehensive renovation in store for Inn at Cherry Creek

The new owner of a boutique hotel in Cherry Creek is checking into a renovation aimed at enhancing the area’s cultural and retail fabric. The Inn at Cherry Creek was acquired through a ground lease by 233 Clayton Partners, a collaboration of BCM Investments, Aparium Hotel Group and CHMWarnick. The 37-room hotel at 233 Clayton…

Kris Oppermann Stern

November 5, 2017
Element Denver Park Meadows

Peachtree Hotel Group buys Element Denver Park Meadows

Atlanta-based Peachtree Hotel Group has acquired the Element Denver Park Meadows Hotel, a 123-room hotel at 9985 Park Meadows Drive in Lone Tree. Douglas County records show the hotel sold for $19.8 million. The seller was Denver II Hospitality LLC, a Texas based group that bought the property for $15.5 million two years ago. Peachtree…

Kris Oppermann Stern

October 9, 2017
embassy suites boulder

Two Hilton Hotel Brands Arrive in Boulder

It’s a blue sky Colorado day and Jim Johnson, founding partner of Denver’s Johnson Nathan Strohe architecture and design firm, is sitting across the street from the two-hotel project he’s been spearheading in central Boulder. Asked what he’s most proud of with this project, Johnson responds without a second of hesitation, as if he’s been pondering the question for a while.

Building Dialogue

September 24, 2017
Comp of the Day handshake image

South Castle Rock to see major development

Douglas County Address or Location: Vicinity of NWC Plum Creek Pkwy. & Interstate 25 Improvements: Vacant land Land Size: 63.585 acres Date of Recording: 8/29 Reception No. 2017060222 & 201759524 Price: $8.8M, or $3.18 psf Grantor: Walker R. Stapleton, Trust for Stapleton 2011 Family Trust, et al., Fenway Partners LLC, John V. Saeman III, mgr. Grantee:…

John Winslow

September 21, 2017
Blair

Blair works outside the box at Continuum

Donna Blair, the recently appointed chief operating officer of Continuum Partners, has a history with the Denver-based company that developed such high-profile development as Belmar years before she joined the company. “I’ve been dancing with the company for one way or the other for close to 20 years,” said Blair of Continuum, which also is tackling…

Kris Oppermann Stern

July 5, 2017