Hotel Telluride in Telluride, Colorado;
Intends to Convert into Condo Hotel
|WASHINGTON, D.C. (May 11, 2005) — Real estate investment and asset
management company, Northridge Capital, LLC recently acquired The Hotel
Telluride, a boutique hotel located in Telluride, Colo. with the intent
of converting the 58 hotel rooms into condominium units. The hotel will
remain open during renovation and
upscale condo units will be available for purchase this summer.
"Given the very high barriers to enter the Telluride real estate market,
we look forward to offering vacation residences with luxury hotel services
and amenities close to the slopes," says David W. Jackson, president of
Northridge Capital. "We believe there is unsatisfied demand for high quality
condominium-hotel units in Telluride and this property will fulfill the
needs of consumers."
In addition to adding kitchenettes, Northridge plans to add connecting lock-off doors to create two, three and four bedroom suites. Once the project is complete, it will be the newest condominium-hotel in the town of Telluride.
Northridge has selected Premier Resorts to manage the condominium-hotel given their operational expertise in other U.S. ski destinations.
The hotel, which opened in September 2001 and offers a restaurant and bar as well as a day spa, is the only lodging in Telluride rated and listed by Travel & Leisure in 2005. The hotel was also selected as a 2005 Gold List property by Condé Nast Traveler as one of the top 700 places to stay throughout the world. Located in the historic district within the town of Telluride, the hotel is close to the ski slopes, boutiques and upscale restaurants. Exquisitely decorated with an upscale style, The Hotel Telluride provides guests mesmerizing mountain landscapes and scenery set on acres of panoramic views of the San Juan Mountains.
About Northridge Capital, LLC
Northridge Capital, LLC
Kevin J. Fay, Vice President
|Also See:||The Peaks in Telluride, Colo. Constructing 35 Luxury Cabins (100 rooms); Wyndham Will Manage the Expansion / Jan 2002|
|Sony Founder Akio Morita, Buys Out Ron Allred and Jim Wells, Longtime Owners of Telluride Ski Area / Mar 2001|