Aspen, Colorado: Today, Erik Cavarra features a story on the The Hyatt Grand Aspen, one of the town’s largest time-share developments, is getting a new owner as part of a $190 million real estate deal. Miami-based Interval Leisure Group (ILG) and Hyatt Hotels Corp. announced Wednesday that they have reached an agreement in which Hyatt will sell its residential group of holdings. The Aspen Continue Reading
Archives for May 2014
National Real Estate News:
US News on Housing: For most of 2013, it looked as if a robust housing recovery was underway. Since housing is a huge part of the overall economy, that bred hope for stronger growth in 2014, along with the hiring and spending that ought to come with it. But housing has the blahs in 2014, prompting concern that the 2013 spurt may have been a false spring driven by temporary factors or a Continue Reading
Hotel Acquisitions & other notable Commercial Acquistions within the Aspen & Snowmass Core:
Aspen, Colorado: Today, Erik Cavarra highlights some of the larger Hotel Acquisitions within the last several years within the Aspen Core. It is rumored that the Sky Hotel is looking to be redeveloped with surrounding condo acquisitions likely Sardy House: Closed for $16.25m in 2006 Hotel Jerome: Closed note sale for $27m in 2010 Limelight Hotel: Closed for around $36m +/- St. Continue Reading
Erik Cavarra Closes Bulk Transaction: Shadowrock Townhomes Basalt, CO
April, 2014 Erik Cavarra Closes a Bulk Transaction within the Shadowrock Townhomes of Basalt, Colorado. The Bulk Sale included (5) Units located on Overlook Ridge within the Development. Units 201, 203, 205, 207 & 209. Price: $2,175,653.33 These Units were originally built in 2010, and upon a foreclosure, Dave Forenza lost the project in 2012. Erik Cavarra's clients purchased the Continue Reading
