Wednesday, May 30, 2007

Sheraton Steamboat sale is now official

This confirms my post last week that the Sheraton Steamboat sale had closed. The Steamboat Pilot published a front page story by Matt Stensland with official confirmation that the deal has closed and Starwood is the new owner. The final price was $57m for the hotel and the golf course, a number that is about $5-7m below it's value because of how the deal was handled.

I see the completion of the sale as good news because it brings the new owners to the table and it will help the base area improvements progress.

Back to the Steamboat Springs blog main page for more.

No comments: