HVS Capital Corp is pleased to announce that it served as exclusive advisor to 112 Overlook Drive, LLC to successfully arrange the sale of the Lodge and Spa at Breckenridge in Breckenridge, Colorado.
The 10.1 acre property has been lauded by Condé Nast, Expedia and Fodor's, and includes a 3,500 square foot fitness facility, a spa with eight treatment rooms and 4,300 square feet of meeting space. The property is approved for 38,400 square feet of additional development, one of the few sites in Breckenridge with expansion potential.
“Breckenridge has limited lodging supply and high barriers-to-entry. In addition to its unsurpassed views, this property has enjoyed three consecutive years of net operating income increases and includes land approved for development,” said Bill Sipple, Executive Managing Director of HVS Capital Corp. “The property is strongly positioned to continue to grow its demand base and NOI for the buyer. HVS Capital Corp was able to identify an extensive list of potential purchasers and communicate a comprehensive plan for this asset. That plan was well-received by the market, and this translated into attractive sale proceeds for the seller.”
HVS Capital Corp