Terrapin Investments and Management Corp. announces the acquisition of the 70-guestroom Hampton Inn by Hilton Glenwood Springs and the 65-guestroom Holiday Inn Express Glenwood Springs, in Glenwood Springs, Colorado as of December 01, 2017. Both Hotels will be owned and managed by Terrapin Investments and Management Corp.
In this transaction, Terrapin would acquire the Hotels from their current owner, perform value-enhancing PIPs ($3M), and operate the hotels up to their renovated potentials.
The Properties are attractive given their appeal to both business and leisure travelers. Glenwood Springs is the closest City to Aspen, CO and the exit travelers take to drive to Aspen from I-70. The Hotels’ proximity to downtown Glenwood Springs (a 5-minute walk) makes it easy for guests to dine, shop, and explore all of the town’s offerings. Additionally, the location allows for easy access to very popular outdoor attractions like Glenwood Caverns, Two Rivers Park, Glenwood Hot Springs, as well as nearby ski and outdoor recreation areas such as Vail and Aspen.