Ryan mark | March 1, 2019
By Ryan Mark, Katy Black March 1, 2019 -- With the recent opening of the massive Gaylord Rockies, many are wondering what the ultimate impact of the 1,501-room resort will have on the Denver, Front Range, and greater Colorado lodging market. We believe the impact will be largely positive. Competition for the 200- to 800-room block group, which previously and primarily only looked to The Broadmoor (Colorado Springs) or Downtown Denver to book, now have an alternative, which should intensify price competition in the near term. Despite this pricing dynamic, Colorado is a hugely popular destination for groups, and the opening of a new, upsc...
Ares Management, L.P. | September 17, 2018
LOS ANGELES—September 17, 2018--Ares Management, L.P. (NYSE: ARES) announced today that funds managed by its Real Estate Group have agreed to the sale of its investment in the Gaylord Rockies Resort & Convention Center, a 1,500-room hotel and convention center under construction in Aurora, Colorado. As part of the transaction, Ryman Hospitality Properties, Inc. (NYSE: RHP) and RIDA Development Corporation, Ares' other partners in the development's joint venture, will pay a combined total of approximately $270 million to acquire Ares' investment. The transaction is subject to customary closing conditions, including joint ventur...
Marriott International, Inc. | January 13, 2016
Project Will Deliver the Largest Combined Hotel and Convention Center in Colorado Bethesda, Md., January 13, 2016 – Marriott International, Inc. (NASDAQ: MAR), RIDA Development Corp. and Ares Management, L.P. (NYSE: ARES), held a VIP ceremony yesterday on the 85-acre site of the two million-square-foot Gaylord Rockies Resort and Convention Center to celebrate the recent closing of a $500 million construction loan as well as the commencement of vertical construction. The private event was attended by its developers, finance partners, city and state officials, Marriott executives and project supporters. Master of Ceremonies for the...
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