JLL ‘s Hotels & Hospitality Group revealed today that it closed the sale of the Element Basalt Aspen, a113- essential extended-stay hotel in Basalt near Aspen, Colorado.
JLL represented the seller, Silverwest Hotels, LLC, and its partners and acquired the purchaser. JLL likewise protected acquisition funding for the purchaser.
Element Basalt Aspen uses modern visitor spaces with views of the surrounding mountains. The four-story hotel, established by Silverwest, and opened in 2015, includes an outside occasion yard and 625 square feet of indoor conference area, gym, indoor swimming pool and outside jacuzzi, bike leasings, on-site laundry, and complimentary breakfast.
The hotel lies under 20 miles from Aspen and Snowmass Village, among the world’s leading mountain locations with year-round appeal as shown by over 1.5 million travelers going to each year. In addition to snowboarding and other leisure winter season sports, the area is understood for its prominent retail, high-end fine dining and year-round home entertainment and occasions, consisting of the Food & & Wine Classic, ESPN’s Winter X Games and Aspen Music Festival and School. Component Basalt Aspen is completely placed to record drive-to leisure visitors with simple gain access to by automobile from Denver and is available through the close-by Aspen/Pitkin County Airport, which uses a year-round flight schedule with direct flights from a number of significant cities.
The JLL Hotels & & Hospitality group representing the seller was led by Senior Managing Director John Strauss, Managing Directors James Stockdale and Jason Schmidt and Analyst James Bermingham.
The JLL Debt Advisory group representing the purchaser was led by Senior Managing Directors Jim Curtin and Leon McBroom, Executive Vice President Mike Huth and Vice President Shalin Patel.
JLL’s Hotels & & Hospitality Group has actually finished more deals than any other hotels and hospitality property consultant over the last 5 years, amounting to $83 billion around the world. The group’s 350- strong worldwide group in over 20 nations likewise closed more than 7,350 advisory, evaluation and possession management tasks. Our hotel assessment, brokerage, property management and consultancy services have actually assisted more hotel financiers, owners and operators accomplish high returns on their possessions than any other realty consultant worldwide.
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