JLL’s Hotels & Hospitality Group Closes Sale of Element Basalt Aspen

LOS ANGELES– JLL’s Hotels & & Hospitality Group revealed that it closed the sale of the Element Basalt Aspen, a 113- crucial 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 is a four-story hotel established by Silverwest and opened in2015 It has an outside occasion yard and 625 square feet of indoor conference area, a gym, an indoor swimming pool and outside jacuzzi, bike leasings, on-site laundry, and complimentary breakfast.

The hotel lies 20 miles from Aspen and Snowmass Village. In addition to snowboarding and other leisure winter season sports, the area is understood for its retail, great 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. Aspect Basalt Aspen is placed to record drive-to leisure visitors with gain access to by vehicle from Denver and is available through the neighboring Aspen/Pitkin County Airport.

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.


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