FOR IMMEDIATE RELEASE
Boulder, Colorado, April 14, 2010: Attorney Pete Dordick, the lead hotel transactions advisor with HVS’ hotel consulting and valuation division in Boulder, advised on the sale of the Limelight Lodge in Aspen, which closed on Tuesday, April 13. The hotel sold for an undisclosed sum to Aspen Skiing Company (SkiCo).
Dordick worked on behalf of the hotel’s former owners to set a price, prepare offering packages, and find a suitable buyer for the property.
“Aspen will always be a premier destination, and the Limelight Lodge was a rare opportunity to invest in the mid-priced sector of the lodging market here,” said Dordick.
“We needed to determine a fair price for the hotel and find a buyer with the capital to meet that price,” said Steve Szymanski of Szymanski Development Partners, based in Denver, the hotel's developer and a partner. “Pete’s advice was crucial. We’re extremely pleased with the outcome he helped deliver.”
For more on how HVS hotel experts can help you, please visit www.hvs.com.
HVS is the world’s leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, HVS performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. We are client driven, entrepreneurial, and dedicated to providing the best advice and services in a timely and cost-efficient manner. Through a worldwide network of 30 offices staffed by 400 industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For more information on our expertise and services, please visit www.hvs.com.
Pete Dordick, Esq.