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ATLANTA, Dec. 22, 2020 /PRNewswire/ Davidson Hotels & Resorts, one of the nation s premier full-service hospitality management companies, has been selected by High Street Real Estate Partners, RGP Partners, and ACRON Real Estate Investments to manage The Westin Snowmass Resort and Wildwood Snowmass. As part of the transition, both properties will undergo transformational renovations to guestrooms, F&B outlets and public spaces. Bolstering its presence in Colorado, Davidson now operates four properties in the state, with a fifth in the pipeline. We are pleased to tap Davidson Hotels & Resorts as operator of these two distinguished assets in Snowmass, Colorado. These assets are excellent additions to High Street s growing portfolio of irreplaceable hospitality properties in the United States premier destination markets, stated Justin Wilson, President of High Street Real Estate Partners. The Town of Snowmass Village, a family-friendly and
$70M fetches Snowmass properties in commercial deal aspentimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aspentimes.com Daily Mail and Mail on Sunday newspapers.
Snowmass Sun
The Westin in Snowmass Village, seen here in May 2020, sold this week as part of a $70 million deal. (Kelsey Brunner/The Aspen Times)
Investors who bought the Westin Snowmass Resort and other properties in Snowmass Village this week for $70 million plan to make the 254-guestroom property a member of Marriott’s Autograph Collection, according to a firm involved in the deal.
The sale of the Westin, the 151-room Wildwood Snowmass lodge and the18,000-square-foot Snowmass Conference Center was documented in a single transaction filed Wednesday in the Pitkin County Clerk & Recorder’s Office.
The sellers were Starwood Capital Group and Wasserman Real Estate, which under the entity Silvertree Propco LLC bought the same properties for $42 million in June 2011 from the Burwell family of Minnesota. The next year they spent $55 million