$30M Refinancing Secured for Forbes Five-Star Resort in Telluride
JLL Capital Markets recently arranged a $30 million refinancing for The Madeline Hotel, Auberge Resorts Collection, an 83-key luxury resort with 56 separately-owned condominiums in the popular mountain town of Telluride. JLL worked on behalf of the borrower, Flynn Properties Inc., to secure the five-year, floating-rate loan through Värde Partners. The …
Denver City Council Approves Hotel-to-Housing Project
On Monday, Jan. 16, Denver City Council approved a $9 million purchase and sale agreement for the acquisition of the Stay Inn, a four-story hotel, and two adjacent parcels, located at 12033 E. 38th Ave., 3835 Peoria St., and 3805 Peoria St. The hotel structure includes 96 bedrooms, 95 of which …
Fourth Native Foods Location on Track to Open in Fort Collins
Native Foods, the vegan fast-casual brand serving plant-based goodness, is set to open its fourth Colorado location in Fort Collins this winter 2023. As construction is underway, this Fort Collins location marks the Chicago-based brand’s second new restaurant opening in Colorado since 2014, with plans on the horizon to expand into …
Penelope Coffee Bar Opens Inside FREE MARKET at Dairy Block
Penelope Coffee Bar is now open inside FREE MARKET at Dairy Block, a new specialty coffee shop that is dedicated to serving high-quality Australian coffee, Japanese tea and more. Penelope Coffee Bar is open daily from 9 a.m. – 4 p.m. serving a full menu of delicious espresso-based drinks, single-origin pour-overs, ceremonial grade …
Denver’s American Bonded Welcomes New Ownership
Denver-based Pouring With Heart, a hospitality group focused on preserving bars and building industry careers with care, has become the new owner of American Bonded in Denver’s popular River North Arts District. This is Pouring With Heart’s second project in Denver — the group has owned and operated Seven Grand …
Zeppelin Development Launch A-Frame Club in Winter Park
Zeppelin Development’s A-Frame Club, located at the base of Winter Park mountain, is now open for business. Situated on three acres, A-Frame Club is comprised of 31 A-Frame cabins, a historic saloon, and a wood-fired, French alpine-inspired restaurant. The new concept combines nature and outdoor recreation with a 1970s-inspired design aesthetic, elevated culinary offerings, and an …
Mission Hill Hospitality Acquires Holiday Inn Steamboat
Mission Hill Hospitality, a leading select service and extended stay hotel investor, has acquired the Holiday Inn Steamboat, a 117-key hotel in Steamboat Springs, from long-time owner Scott Marr. The terms of the deal were undisclosed. This is the 26th property added to the Mission Hill Hospitality portfolio since the …
New Experiential Art Lighting Installation on Display in Blake’s Passage
Dairy Block is excited to unveil “Downpour,” an immersive art experience now floating above Blake’s Passage, the pedestrian walkway that runs from the middle of the activated alley out towards Blake Street. Dairy Block contracted Denver architecture firm Davis Partnership Architects to help elevate foot traffic in Blake’s Passage. Lisa …
Peak Innovation Park Secures Financing for Second Phase of Development
D.A. Davidson’s Special District Group, a nationally recognized team of capital market professionals, has successfully sold $64 million in Limited Tax General Obligation Bonds, Series 2022A-1 and Convertible Capital Appreciation Limited Tax General Obligation Bonds, Series 2022A-2 for the continued development of Peak Innovation Park. The bond proceeds will help finance the second …
Colorado Coalition for the Homeless to Convert Newly Acquired Hotel into Supportive Housing
In December, the Colorado Coalition for the Homeless acquired the former Clarion Inn, located at 200 W. 48th Avenue in Denver, for $24 million. The Colation will transform the hotel into 215 units of supportive and transitional housing by mid-2023, known as Renewal Village. The purchase came during same week that President Biden signed a 1.7T …