Saturday, February 24, 2024

JLL Closes Sale of Factor Basalt Aspen — LODGING

Element Basalt Aspen

LOS ANGELES—JLL’s Motels & Hospitality Group introduced that it closed the sale of the Factor Basalt Aspen, a 113-key extended-stay resort in Basalt close to Aspen, Colorado.

JLL represented the vendor, Silverwest Motels, LLC, and its companions and procured the customer. JLL additionally secured acquisition financing for the customer.

Factor Basalt Aspen is a four-story resort developed by Silverwest and opened in 2015. It has an out of doors occasion garden and 625 sq. toes of indoor assembly house, a health middle, an indoor pool and outside sizzling tub, bike leases, on-site laundry, and complimentary breakfast.

The resort is positioned 20 miles from Aspen and Snowmass Village. Along with snowboarding and different leisure winter sports activities, the area is understood for its retail, nice eating, and year-round leisure and occasions, together with the Meals & Wine Basic, ESPN’s Winter X Video games, and Aspen Music Pageant and Faculty. Factor Basalt Aspen is positioned to seize drive-to leisure friends with entry by automobile from Denver and is accessible through the close by Aspen/Pitkin County Airport.

The JLL Motels & Hospitality staff representing the vendor was led by Senior Managing Director John Strauss, Managing Administrators James Stockdale and Jason Schmidt, and Analyst James Bermingham.

The JLL Debt Advisory staff representing the customer was led by Senior Managing Administrators Jim Curtin and Leon McBroom, Government Vice President Mike Huth, and Vice President Shalin Patel.

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