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COLORADO REAL ESTATE JOURNAL
— January 6-January 19, 2016
PROPERTY AVAILABLE
For Sale
For Lease
Wanted
office • industrial • retail • multifamily • land • medical office • hospitality • restaurants • senior housing & care
Colorado
by John Rebchook
An unidentified real estate
investment trust recently paid
$12.26 million, or $217 per
square foot, for a Gold’s Gym
in Grand Junction.
“The property is one of the
highest-performing
Gold’s
Gyms in the nation and the only
full-service fitness center in the
region,” said Lior Regenstreif,
who handled the transaction.
Regenstreif is a first vice pres-
ident-investments in Marcus
& Millichap’s office in Encino,
California.
“Almost 40 percent of the
population in the immediate
area is between the ages of 18
and 45, which is the ideal demo-
graphic for a fitness center,” he
added.
The gym, at 700 Maldonado
St., was built in 2007.
Other News
n
Denver-based
Silverwest
Hotels
recently opened an
88-room hotel in Silverthorne
that it developed.
Silverwest owns and operates
the
Hampton Inn & Suites by
Hilton,
which is the only Hamp-
ton Inn that serves the nearby
Summit County ski resorts of
Breckenridge, Keystone, Arapa-
hoe Basin and Copper Moun-
tain.
“We are excited to bring this
nationally recognized Hampton
by Hilton brand to Silverthorne,”
said Edward Mace, president
and CEO of Silverwest Hotels.
The hotel was Silverwest’s sec-
ond hotel to open near a Colora-
do ski area in less than 10 days.
It also opened the Element by
Westin in Basalt, near Aspen
and Snowmass.
n
An investment group led by
two Denver-based companies,
Providence Hospitality Partners
and
Rockies Lodging Capital,
recently purchased a 66-unit
Mar-
riott Fairfield Inn & Suites
in
Steamboat Springs.
The sales price was not dis-
closed, although the hotel had
recently undergone a $1 million
renovation.
It is the only Marriott-branded
hotel in Steamboat Springs.
Theacquisitionrepresentsa“val-
ue-add” investment opportunity,
according to
David B. Storm,
pres-
ident and CEO of Providence.
s
This Gold’s Gym in Grand Junction recently sold.
