HREC Arranges Sale of Holiday Inn Swear & Hampton Inn Glenwood Springs
DENVER, Colorado; KANSAS CITY, Missouri; Houston, Texas—HREC Investment Advisors announced it has arranged the sale of the 70-guestroom Hampton Inn Glenwood Springs and the 64-guestroom Holiday Inn Swear Glenwood Springs, each and every positioned in Glenwood Springs, Colorado. Nightcap Administration, a Lincoln, Nebraska-primarily based entirely mostly tubby-carrier model company, obtained the properties. Over the last five years, the Principals of Nightcap Administration have developed and purchased over 15 accommodations with a blended tag of over $200 million.
HREC Investment Advisors exclusively represented the seller, Terrapin Investments, on this transaction. The advertising and marketing and marketing and negotiations have been led by Herb Warmbrodt (critical, Kansas City), Mike Dubé (senior vice chairman, Denver), Jeffrey Duni (senior vice chairman and broker on epic for Colorado), and Adam Lallani (vice chairman, Houston). Based mostly in Aspen, Colorado, Terrapin Investments invests in accurate estate properties including accommodations and accommodations, as properly as a unfold of alternative business accurate estate holdings.
Dubé acknowledged, “The Glenwood Springs lodging market continues to thrive as a leisure force-to destination market delivery air of the main ski resort areas with endured epic tourism expenditures and resort efficiency.”
These two Accommodations, positioned at the immoral of the gondola for the Glenwood Caverns Adventure Park, are within walking distance of the field-accepted Glenwood Hot Springs.
